#BullishIPO Bullish, a cryptocurrency exchange created by Block.one and backed by investors such as Peter Thiel, is launching a public offering (IPO) on the New York Stock Exchange (NYSE) under the ticker BLSH.

What's happening now?

Start of the roadshow: from August 4, 2025, the company has started a roadshow for the IPO, offering 20.3 million shares at a price of $28–$31 per share.

Underwriters' option: an additional 3.045 million shares may also be sold, which could raise up to $94 million additionally.

Goal: to raise up to $629 million–$724 million, with a total company valuation of ~$4.2–4.3 billion.

Why is this important?

Institutional interest: among the buyers of shares are major players such as BlackRock and ARK Investment Management.

Finance and structure: the platform trades on regulated markets (Germany, Hong Kong, Gibraltar), maintains high liquidity, and provides transparency attractive to institutions.

Integration with CoinDesk: in 2023, Bullish acquired CoinDesk, expanding media presence and analytical support.

IPO as a signal of market maturity: Bullish's entry to the NYSE is seen as an indicator of the cryptocurrency industry's transition to a phase of structural and institutional growth.