🛑 BREAKING ⛓️💥
🚀 Bullish Goes Even Bigger — Now Targeting Nearly $1B in IPO
Crypto exchange Bullish, backed by billionaire investor Peter Thiel, is ramping up its IPO ambitions. 📈 After initially aiming to raise up to $629M, the firm is now eyeing nearly $1 billion in its public debut.
💰 What’s New?
Bullish has increased its share offering from 20.3 million to 30 million ordinary shares, and raised its expected price range from $28–$31 to $32–$33 per share. At the high end ($33), the IPO could bring in as much as $990 million.
Additionally, underwriters will have a 30-day option to purchase 4.5 million extra shares at the IPO price (excluding fees).
📜 Quick Recap
Bullish filed confidentially for its IPO in June, opting to keep financial details private during the early stages. This move aligns with a broader trend of crypto firms tapping public markets for fresh capital.
🌐 Why It Matters
This aggressive step follows major success stories in the space — for example, Circle Internet Group (CRCL) surged over 500% shortly after its debut. The appetite for crypto IPOs appears to be growing rapidly.
With a bigger target in sight, all eyes are now on Bullish to see if it can ride the momentum to a blockbuster Wall Street launch. 🌊📊
#BullishIPO #CryptoMarkets #PeterThiel #IPOWatch #BTC #ETH
#XRP