CoinVoice has learned that, according to Reuters, cryptocurrency trading platform Bullish, backed by Peter Thiel, has expanded its initial public offering (IPO) size, with a new target valuation of up to $4.82 billion, significantly increasing from last week's $4.2 billion target.
The new plan is to sell 30 million shares at a price of $32 to $33 per share. At the highest price point, Bullish could raise approximately $990 million, an increase from the earlier plan (selling 20.3 million shares at $28 to $31 per share).
Bullish was launched by Block.one (the blockchain company behind EOS) in 2020, and BlackRock and Cathie Wood's ARK have indicated plans to purchase $200 million in shares. Bullish is expected to be priced this Tuesday and will start trading under the 'FLY' ticker the following day. [Original link]
