Bullish, Backed by Peter Thiel, Set for NYSE IPO After Raising $1.1 Billion
Crypto exchange Bullish, supported by Peter Thiel, has successfully priced its initial public offering at $37 per share, exceeding expectations and valuing the company at over $5 billion. As the parent company of CoinDesk prepares to make its trading debut, the IPO has garnered significant attention, being reported as oversubscribed and poised to rise more than 60% upon opening. With strong backing from major investors like BlackRock and Ark Invest, Bullish aims to solidify its place among the growing list of public crypto firms, raising crucial capital amid a bullish market sentiment.
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