Bullish, the Peter Thiel–backed crypto exchange and owner of CoinDesk, has raised its initial public offering $IPO) target to $990 million, up from its earlier $629 million plan. The company now aims to go public on the New York Stock Exchange (NYSE) under the ticker symbol BLSH. With the updated share pricing range of $32 to $33 and offering 30 million shares, Bullish’s valuation could reach approximately $4.8 billion at the high end of the range .
Significant institutional interest comes from BlackRock and ARK Investment Management, each signaling intent to purchase up to $200 million worth of shares—though these indications remain non-binding .
This marks Bullish’s second go at entering public markets: an earlier SPAC merger attempt in 2022 valued it at around $9 billion but was scrapped due to regulatory and market headwinds .
