Peter Thiel-Backed Bullish Crypto Exchange Upsizes IPO to $1B Target, Valuation Rises 60%
The digital asset exchange backed by Peter Thiel, has significantly raised its IPO ambitions, increasing its fundraising target to as much as $990 million—a 60% boost from its initial plan—reflecting surging investor demand and bullish sentiment in the sector.
New IPO Target: Bullish aims to raise up to $990 million by selling 30 million shares at $32–$33 each, up from its previous range of 20.3 million shares at $28–$31.
Backers: The IPO is being underwritten by Wall Street giants JPMorgan, Jefferies, and Citigroup. BlackRock and ARK Invest are among the prominent institutional investors signaling participation.
