Peter Thiel’s Crypto Exchange Bullish: IPO or Just Bull? 🤔💸

by

So, here we are, folks. Bullish, this crypto exchange that’s got billionaire Peter Thiel’s name all over it, is strutting its stuff and looking to go public in the U.S. at a whopping valuation of $4.23 billion. I mean, who doesn’t want to throw their money at a digital currency platform, right? 🙄

  • They’re offering 20,300,000 ordinary shares at a price that’s somewhere between $28 and $31. You know, just a casual investment for the average Joe. 💰
  • And let’s not forget, this isn’t just any crypto exchange; it’s joining the ranks of other top crypto companies that are either already listed or desperately seeking a U.S. IPO. It’s like a club nobody wants to be left out of! 🎉

So, Bullish has officially launched its initial public offering. They’re looking to sell 20,300,000 shares. You know, just a little something to keep the lights on and maybe buy a yacht or two. 🚤

According to their filing on Monday—because who doesn’t love a good filing?—they expect to rake in up to $629 million. That’s right, folks, they’re banking on your growing interest in digital assets. And what are they going to do with that cash? Oh, just the usual: general corporate stuff and maybe some acquisitions. You know, the fun stuff. 😏

“The offering is subject to market conditions,” they say. Well, isn’t that just the most comforting thing you’ve ever heard? No assurance on when this might actually happen, or what the terms will be. Sounds like a great investment! 🙃

And when you’re ready to buy in, you can find their shares listed on the New York Stock Exchange under the ticker symbol “BLSH.” Because, of course, that’s what you want to see when you’re checking your portfolio. 📈

Crypto companies and IPO momentum

Now, Bullish is filing for its NYSE listing just days after they decided to register Form F-1 with the U.S. Securities and Exchange Commission. You know, just casually trying to keep up with the regulatory circus. 🎪

And let’s talk about the overall bullishness in the digital asset industry. The U.S. is finally making some moves toward regulatory clarity. We’ve got the GENIUS Act and the SEC’s Project Crypto. It’s like a crypto renaissance! Or maybe just a really confusing art exhibit. 🎨

And don’t forget the crypto giants already trading publicly in the U.S. like Coinbase and Circle. Circle went live on the NYSE in June and, surprise, surprise, it’s trading over 400% above its listing price. Meanwhile, the rest of us are just trying to figure out how to buy a cup of coffee without losing our minds. ☕️

Trading platforms are popping up everywhere, and Grayscale Investments is also trying to get in on the action with their S-1 registration. OKX and BitGo are weighing their options too. It’s like a game of musical chairs, but with more money and fewer chairs. 🎶

Bullish, making its second attempt at going public, is hoping to ride this wave of momentum. And just to keep things interesting, they’re also regulated in Germany, Hong Kong, and Gibraltar. Because why not? The more the merrier! 🌍

Read More

2025-08-04 18:57