CoinDesk owner Bullish eyes $4.2B valuation in IPO backed by BlackRock, ARK


CoinDesk owner Bullish eyes .2B valuation in IPO backed by BlackRock, ARK


The digital exchange operator and media company is eyeing an initial public offering of between $28 and $31 per share, regulatory filings show.

Cryptocurrency exchange operator and media company Bullish plans to raise between $568 million and $629 million in a US initial public offering (IPO), having already drawn interest from major institutional investors.

Just weeks after its initial IPO submission, Bullish submitted an updated F-1 document with the US Securities and Exchange Commission (SEC), outlining plans to issue 20.3 million shares, potentially valuing the company at up to $4.2 billion.

If the IPO is approved, Bullish shares could begin trading as early as Aug. 12.

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