PANews, August 4th news, according to Axios, the digital asset exchange Bullish and its subsidiary cryptocurrency media CoinDesk have submitted an IPO application to the U.S. Securities and Exchange Commission (SEC), planning to issue 20.3 million shares at a pricing range of $28 to $31 per share, raising a maximum of $629 million, with an estimated valuation of approximately $4.2 billion. Bullish primarily engages in spot, leverage, and derivative trading, and provides liquidity services for stablecoin issuers. The company's digital asset sales in the first quarter of 2025 amounted to $80.2 million, with a net loss of $349 million. In 2023, Bullish acquired CoinDesk for $72.6 million.