Cryptocurrency exchange Bullish, supported by billionaire Peter Thiel, is set to debut on the New York Stock Exchange today under the ticker BLSH. Initially planning to raise $629.3 million, Bullish has expanded its IPO to target a valuation of $4.82 billion, aiming to sell 30 million shares at $32 to $33 each, potentially raising $990 million. The company, launched by Block.one in 2020, has garnered interest from major investors including BlackRock and Cathie Wood's ARK, which intend to purchase $200 million in shares. Bullish holds over $3 billion in liquid assets, including 24,000 BTC and 12,600 ETH.
Bullish Targets $990 Million in NYSE IPO, Backed by Thiel and BlackRock
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