Bullish’s IPO filing reflects a trend among digital asset firms to seek public listings, boosted by renewed investor interest and supportive regulatory conditions.
Bullish, the crypto exchange backed by Peter Thiel, has confidentially filed for an IPO with the SEC, aiming to capitalize on the growing interest in digital assets. Jefferies will be the lead underwriter for the offering, marking Bullish's second attempt to go public after a failed SPAC merger in 2021. This move is part of a broader trend of crypto firms pursuing public listings, as seen with Circle's recent successful IPO and Gemini's confidential filing.