#IPOWave 🌊 Incoming?!
Cryptocurrency exchange Bullish (they own CoinDesk) plans an initial public offering, targeting a valuation of more than $4 billion. The company backed by billionaire Peter Thiel expects to sell 2.3 million shares at $28 to $31 each. BlackRock and Cathie Wood's ARK Investment Management have already agreed to invest in Bullish.
They’re not alone. The latest market rally has sparked a wave of public listing ambitions:
BitGo and Grayscale have already filed
Kraken and OKX are reportedly in IPO talks
💬 This could mark the start of a new era of crypto IPOs. A step that could boost institutional adoption and bring blockchain companies further into the mainstream.