Bullish IPO Aims for Nearly $5 Billion Valuation Amidst Surge in Crypto Investment

Crypto exchange Bullish is boosting the size of its planned U.S. initial public offering (IPO), aiming for a valuation of up to $4.82 billion. This follows strong investor interest in digital asset-related companies and comes after the company called off a SPAC merger in 2022 due to regulatory hurdles. The company plans to list on the New York Stock Exchange under the ticker BLSH, with J.P. Morgan, Jefferies, and Citigroup leading the underwriting.