Crypto Exchange Bullish Files Confidentially for U.S. IPO
Crypto exchange Bullish has confidentially filed for a U.S. initial public offering (IPO), according to the Financial Times.
- The filing aims to leverage renewed interest in digital assets due to pro-crypto policies from the Trump administration.
- This follows Circle's IPO, where shares rose 168% on the first trading day.
- Bullish's filing allows them to prepare for a public listing while keeping financial details private.
- Jefferies is the lead underwriter for the IPO.
- Bullish previously attempted a SPAC deal in 2021, which was abandoned due to market volatility.
- The company is regulated in Gibraltar and trades around $110,000 for bitcoin amidst favorable regulatory conditions.
- CEO Tom Farley leads the group, with Brendan Blumer as chair.
Jefferies and Bullish have not commented on the filing at this time.