Bullish IPO Expects $990 Million Raise, Targeting $5 Billion Valuation

Crypto exchange Bullish has increased the size and price range of its upcoming Initial Public Offering (IPO), signaling growing institutional interest in the company. The firm aims to raise up to $990 million through a sale of 30 million shares, targeting a valuation of nearly $5 billion. This move follows an updated filing with the U.S. Securities and Exchange Commission, which outlines a revised offering size compared to its previous plan of 20.3 million shares. Bullish’s IPO will list on the NYSE under ticker BLSH.