Crypto Exchange Bullish Lists on NYSE After a Massive $1.11 Billion IPO

Bullish raises $1.11B in IPO, listing on NYSE at $5.41B valuation. Institutional investors BlackRock and Ark Invest commit $200M. Firm holds $3B in assets, including BTC, ETH, and stablecoins. Crypto trading platform Bullish has gone public, being listed on the New York Stock Exchange today under the ticker symbol BLSH. The company raised a massive $1.11 billion in its initial public offering (IPO), pricing 30 million shares at $37 each, well above the expected range. The IPO gives the company a valuation of $5.41 billion, making it one of the largest public debuts for a crypto exchange. The final deal was significantly larger than originally planned. Regulatory filings from early August had outlined a plan to raise up to $629 million. But by August 11, Bullish revised its plans , increasing the offering to 30 million shares at a price range of $32 to $33, with the final sale price exceeding expectations. Backed by Wall Street Giants Institutional investors participated in the role for the offering. BlackRock and Ark Invest invested a combined $200 million stake. The company’s leadership includes Tom Farley, a former president of the NYSE, and has back… The post Crypto Exchange Bullish Lists on NYSE After a Massive $1.11 Billion IPO appeared first on Coin Edition .

Source: Coin Edition