Bullish Crypto Exchange Files for IPO with Potential to Raise Billions

Crypto exchange Bullish, backed by Peter Thiel, has filed confidential paperwork with the SEC for an initial public offering (IPO), according to a report from The Financial Times. This move paves the way for the company to finalize its listing plans before publicly disclosing financial details closer to the IPO process. Jefferies, an American investment bank, is reportedly being considered as the lead underwriter.