Bullish aims to raise up to $629.3 million in its initial public offering (IPO) by offering 20.3 million shares priced between $28 to $31 each, potentially valuing the company at $4.2 billion. The IPO is scheduled to price on August 12, with trading under the ticker symbol 'BLSH.' Institutional interest is high, evidenced by BlackRock and ARK Investment Management's combined potential investment of $200 million. Alongside its core trading services, Bullish's customer base comprises a sizeable portion of institutional investors, reflecting Wall Street's growing acceptance of crypto assets.
Bullish plans to raise up to $629.3 million in its upcoming U.S. initial public offering, offering 20.3 million shares at $28 to $31 each.
The company is valued at up to $4.2 billion and has applied for the ticker symbol 'BLSH' with its IPO expected to price on August 12.
Bullish highlights a significant shift as institutional investors now account for a substantial part of its customer base, indicating growing Wall Street acceptance of crypto.
Demand for Bullish shares is robust, with BlackRock and ARK Investment Management showing interest in purchasing up to $200 million of shares at the IPO price.
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