Bullish to Debut on NYSE: Company Raises Valuation with Expanded IPO

Cryptocurrency exchange Bullish, backed by billionaire Peter Thiel, is preparing for its highly anticipated debut on the New York Stock Exchange under the ticker symbol BLSH. The company’s initial public offering (IPO) has expanded in size, targeting a valuation of up to $4.82 billion after originally aiming for $4.2 billion. This expansion sees Bullish selling 30 million shares at a price range between $32 and $33 per share, potentially raising up to $990 million at the highest price point. The platform’s valuation has been boosted by increased interest from notable investors such as BlackRock and Cathie Wood’s ARK.