{"id":41597,"date":"2025-08-11T20:16:55","date_gmt":"2025-08-11T20:16:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41597"},"modified":"2025-08-11T20:16:55","modified_gmt":"2025-08-11T20:16:55","slug":"peter-thiel-backed-bullish-upsizes-ipo-to-nearly-1b-amid-crypto-capital-market-surge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41597","title":{"rendered":"Peter Thiel Backed Bullish Upsizes IPO to Nearly $1B Amid Crypto Capital Market Surge"},"content":{"rendered":"
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The Peter Thiel backed digital asset platform Bullish has significantly raised the stakes on its Wall Street debut, increasing its IPO target from $629 million to as much as $990 million.<\/p>\n

This move positions it among the most extensive crypto-related public offerings in recent years, after Circle\u2019s $1.1Bn launch<\/a> earlier this Year.<\/p>\n

The Cayman Islands-based firm announced <\/a>Monday that it has increased its offering from 20.3 million to 30 million ordinary shares while hiking the expected price range from $28\u2013$31 to $32\u2013$33 per share.<\/p>\n

At the top of that range, Bullish would raise $990 million, with an additional 4.5 million shares available to underwriters under a 30-day purchase option.<\/p>\n

Everything to Know About Peter Thiel\u2019s New IPO<\/strong><\/h2>\n

\"\"<\/p>\n

(Source<\/a>)<\/p>\n

The listing, expected on the New York Stock Exchange under the ticker \u201cBLSH\u201d, comes after Bullish confidentially filed for an IPO in June, a process allowing companies to advance listing preparations without revealing financials until late in the cycle.<\/p>\n

J.P. Morgan and Jefferies are lead book-runners, joined by Citigroup, Cantor Fitzgerald, Deutsche Bank, and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale.<\/p>\n

Bullish describes itself as an institutionally focused global digital asset platform. It operates the Bullish Exchange, a regulated spot and derivatives venue integrating an automated market maker with a central limit order book to provide deep liquidity.<\/p>\n

It also owns CoinDesk, including its data indices, market analytics, and media operations.<\/p>\n

Founded in 2021 out of Block.one\u2019s $10 billion war chest, Bullish\u2019s backers include Thiel, Alan Howard, and Mike Novogratz, alongside Japanese banking giant Nomura.<\/p>\n

The company currently holds licenses in Germany, Hong Kong, and Gibraltar, positioning it to target Western and Asian institutional flows.<\/p>\n

DISCOVER: 20+ Next Crypto to Explode in 2025<\/a><\/span><\/strong><\/p>\n

Why Now For Bullish IPO Push?<\/strong><\/h2>\n

The timing is notable. Bullish\u2019s IPO push follows a wave of digital asset listings riding renewed bullish sentiment in capital markets.<\/p>\n

Stablecoin issuer Circle saw its stock surge over 500% in the weeks after its IPO, while Kraken and Grayscale are preparing their own public market entries.<\/p>\n

The offering marks another test case for crypto investors for how traditional equity markets value regulated digital asset infrastructure, highlighting sustained institutional demand for crypto-related products.<\/p>\n

\u201cWe believe the digital assets industry is beginning its next leg of growth. Becoming a publicly traded company provides credibility with partners and regulators, access to capital, and an equity currency for strategic acquisitions,\u201d said CEO Tom Farley as he explained<\/a> the growth play.<\/p>\n

If demand meets expectations, the nearly $1B raise could give Bullish substantial dry powder to expand market share, acquire distressed competitors, and cement its position as one of the few crypto-native firms trading at scale in U.S. public markets.<\/p>\n

DISCOVER: <\/strong>9+ Best High-Risk, High-Reward Crypto to Buy in 2025<\/strong> <\/a><\/span><\/p>\n

Why Does This Matter For You?<\/strong><\/h2>\n

For the average retail investor, Bullish\u2019s IPO matters because it\u2019s a rare chance to ride crypto\u2019s growth without having to navigate wallets, private keys, or token volatility.<\/p>\n

If you believe digital assets will keep expanding, owning shares in a platform like Bullish means you\u2019re betting on the \u201cpicks and shovels\u201d of the industry, the exchanges, data providers, and market infrastructure that profit whether prices are booming or dipping.<\/p>\n

It\u2019s a way to get crypto exposure through a normal stock account, with all the benefits of regulated markets and none of the headaches of managing coins yourself.<\/p>\n

DISCOVER: The Best Crypto Stocks to Buy in 2025<\/a><\/strong><\/p>\n

The post Peter Thiel Backed Bullish Upsizes IPO to Nearly $1B Amid Crypto Capital Market Surge<\/a> appeared first on 99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Peter Thiel backed digital asset platform Bullish has significantly raised the stakes on its Wall Street debut, increasing its IPO target from $629 million to as much as $990 million. This move positions it among the most extensive crypto-related public offerings in recent years, after Circle\u2019s $1.1Bn launch earlier this Year. The Cayman Islands-based […]<\/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-41597","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\/41597","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=41597"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41597\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}