- Bullish’s NYSE IPO seeks $4.23B valuation.
- CEO Thomas W. Farley leads the initiative.
- Targeting to raise up to $629 million.
Bullish, a digital asset platform backed by Peter Thiel, has filed for a U.S. IPO on the NYSE aiming for a $4.2 to $4.3 billion valuation.
This IPO could significantly enhance Bullish’s market position, attracting major institutional investors and impacting Bitcoin and Ethereum trading dynamics.
Bullish, backed by Peter Thiel, has filed for a U.S. IPO on the New York Stock Exchange, seeking a valuation of $4.23 billion. The platform plans to offer 20.3 million shares priced between $28 and $31. More information can be found in the SEC filing detailing the company’s registration.
CEO Thomas W. Farley, former NYSE President, leads this major development for Bullish. The IPO, slated around August 11, 2025, aims to raise approximately $599–$629 million, significantly marking the company’s growth trajectory. Farley emphasized the company’s vision:
“Bullish was founded in 2020 with the vision to build an institutional-grade global exchange enabling optimized execution powered by a customizable, compliance-first infrastructure”
The IPO firmly places Bullish at the forefront of digital asset platforms, attracting attention from major investors. Institutional interest includes BlackRock and ARK Investment Management, indicating plans to invest up to $200 million. For further insights, consider the analysis shared on Coindesk.
This fundraising positions Bullish among top-tier exchanges, bolstering its market influence. The impact includes increased trade volume and potentially elevated spot market shares for BTC and ETH.
The offering highlights the growing trend of digital asset companies entering public markets. Similar moves by Circle and eToro set a precedent, while Bullish’s approach appears well-aligned with this industry evolution.
Expert analyses suggest Bullish could leverage increased funding for technological advancements and regulatory compliance. Historical data underpins expectations of enhanced liquidity and system performance, driven by substantial capital infusion. Keep up with similar market trends through the updates provided by IPOtweet.
