Bullish Boosts IPO Size to $990 Million, Aiming for $4.8 Billion Valuation

Crypto exchange Bullish, backed by billionaire Peter Thiel, has significantly increased its planned initial public offering size and revised pricing ambitions. The company now aims to raise $990 million by selling 30 million shares priced between $32 and $33 each, resulting in a targeted valuation of approximately $4.8 billion. This update comes after last week’s plan to sell 20.3 million shares at $28 to $31 apiece for a $4.2 billion valuation.