Bullish Expands IPO with $4.82B Valuation Backed by Peter Thiel and Major Investors

BlockBeats reported on August 13 that Bullish, backed by Peter Thiel, will list on the NYSE under ticker BLSH, launching an IPO with 20.3 million shares at $28-$31 and later expanding to 30 million shares at $32-$33.

Summary

BlockBeats reported on August 13 that Bullish, the crypto trading platform supported by Peter Thiel, is set to list on the NYSE under ticker BLSH. The IPO will initially offer 20.3 million shares priced between $28 and $31 with an over-allotment option, before expanding to 30 million shares at $32-$33, potentially raising about $990 million. Additionally, the company holds over $3 billion in liquidity assets and has seen its valuation rise to $4.82 billion.

Terms & Concepts
  • IPO: An Initial Public Offering is when a company offers its shares to the public for the first time, providing a means to raise capital.