{"id":41534,"date":"2025-08-11T14:46:51","date_gmt":"2025-08-11T14:46:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41534"},"modified":"2025-08-11T14:46:51","modified_gmt":"2025-08-11T14:46:51","slug":"crypto-exchange-bullish-seeks-4-8b-valuation-in-upsized-ipo-backed-by-blackrock-and-ark-invest","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41534","title":{"rendered":"Crypto Exchange Bullish Seeks $4.8B Valuation in Upsized IPO Backed by BlackRock and Ark Invest"},"content":{"rendered":"
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Crypto exchange Bullish has raised the size of its initial public offering to $990 million from $629 million, as the company looks to take advantage of a hot market for crypto firms.<\/p>\n

CoinDesk is a subsidiary of Bullish.<\/p>\n

According to a filing<\/a> with the Securities and Exchange Commission on Monday, Bullish is aiming to sell 30 million shares at a price of $32 to $33 each, or $990 million and a valuation of $4.8 billion at the top of the range.<\/p>\n

In a previous filing on Aug. 4, the company had planned<\/a> to market 20.3 million shares at $28 to $31 each, or about $629 million and a $4.2 billion valuation at the top of the range.<\/p>\n

Bullish is one of many crypto companies hoping to take advantage of a booming IPO market in the space as the industry is starting to profit from a clearer regulatory framework and investor interest, not to mention sharply higher prices of late for leading cryptocurrencies like bitcoin and ether.<\/p>\n

Stablecoin issuer Circle (CRCL) was among first to go public in June and has seen its share price skyrocket 93% since.<\/p>\n

In an earlier filing with the SEC, Bullish disclosed that funds managed by BlackRock and Ark Investment Management have expressed interest to buy $200 million worth of shares of the company at the IPO price.<\/p>\n

The company, which would trade under the ticker \u201cBLSH\u201d also disclosed that it had posted a net income estimate of $106 million to $109 million for the second quarter after reporting losses for the first quarter and the fourth quarter of 2024.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto exchange Bullish has raised the size of its initial public offering to $990 million from $629 million, as the company looks to take advantage of a hot market for crypto firms. CoinDesk is a subsidiary of Bullish. According to a filing with the Securities and Exchange Commission on Monday, Bullish is aiming to sell […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41534","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41534"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41534\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}