#BullishIPO The digital asset exchange operator Bullish raised the valuation target of its initial public offering by nearly 60%, potentially reaching USD 990 million, a move that could reflect growing investor interest amid renewed momentum in cryptocurrency-related stocks.

Bullish now plans to sell 30 million shares at a price between USD 32 and USD 33 each, according to Bloomberg's report on Monday, citing recent documents filed with the U.S. Securities and Exchange Commission (SEC). This represents almost a 60% increase from the upper limit of its previous target.

If the IPO meets expectations, Bullish would debut with a market capitalization of about USD 4.8 billion, compared to the USD 4.2 billion target set in early August.