Bullish Plans $629M IPO at $4.23B Valuation
Bullish crypto exchange files for $629M U.S. IPO, plans to use proceeds for stablecoins and growth amid favorable crypto regulations.
- Bullish aims to raise $629M via U.S. IPO at $4.23B valuation
- The exchange will convert part of IPO funds into USD stablecoins
- Relisting follows favorable laws like the GENIUS Act and CoinDesk acquisition
Bullish, the Peter Thiel-backed crypto exchange, is making headlines with its renewed plan to go public in the United States. The company has filed for an initial public offering (IPO) aiming to raise up to $629 million, with a market valuation target of $4.23 billion. This marks a major comeback after its earlier plans for a SPAC merger were scrapped in 2022.
Founded in 2021, Bullish is known for combining traditional finance principles with blockchain infrastructure. Its decision to relaunch IPO plans comes at a time when U.S. regulators are showing signs of softening toward crypto innovation.
Strategic Use of Funds and Regulatory Timing
A significant portion of the IPO proceeds is expected to be converted into USD stablecoins. This strategic move shows Bullish’s confidence in stable digital assets and their utility in managing liquidity and operational reserves.
The timing of this IPO is noteworthy. Bullish is capitalizing on favorable developments such as the proposed GENIUS Act, a bill aimed at fostering crypto innovation and regulatory clarity in the U.S. This shift in policy sentiment gives crypto firms like Bullish a more solid foundation to operate and expand domestically.
CoinDesk Acquisition Strengthens Ecosystem
In addition to the IPO news, Bullish recently acquired CoinDesk, one of the most influential media platforms in the crypto space. This acquisition could give Bullish an edge in market intelligence, branding, and user engagement. It also signals the company’s ambition to be more than just a trading platform—it wants to shape the narrative around digital assets.
With heavyweights like Peter Thiel backing the project and an evolving U.S. regulatory landscape, Bullish seems well-positioned to make a significant impact on the future of regulated crypto trading.
Read Also :
- EV2 Token Presale Launches as Funtico Targets Mainstream Gamers With ‘Earth Version 2’
- Ethereum’s Rollercoaster Year: Crash, Surge, and Stabilization
- Arthur Hayes Urges ZEC Holders to Self-Custody
- Bybit Reveals Hidden Blockchain Code Can Freeze Funds
- Crypto Market Crash Wipes Out $335M in Longs
