Bullish, an exchange of cryptocurrency belonging to Bullish Global, filed a first public offer (IPTRATION on the stock market) in the United States. The company based in the Cayman islands plans to list its ordinary shares on the New York Stock Exchange (NYSE) under the symbol of Ticker “BLSH”.
The exact number of shares to be offered and the price range remains unpertified, according to a registration statement from the F-1 Friday filed with the Securities and Exchange Commission of the United States. However, the scholarship granted firm takers an option of 30 days to buy additional shares.
For the year 2024, Bulnish declared a net income of around $ 80 million. However, despite this positive result in full year, the company experienced a significant slowdown in the first quarter of 2025, declaring a net loss of $ 349 million compared to a net profit of $ 104.8 million in the same quarter of 2024.
In addition, the scholarship requires more than $ 1.9 billion in liquid assets, particularly in cash, bitcoin (BTC), stablecoins and other digital assets.
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Haussier’s subsidiaries cover six jurisdictions
Bullish operates through subsidiaries in several jurisdictions, notably Hong Kong, the Cayman, Singapore, the United Kingdom, Germany and Gibraltar.
Its Hong Kong subsidiaries play a crucial role in exchange operations, providing engineering, cybersecurity, childcare and technology services, depending on the file. Bulsh HK Markets Limited holds regulatory licenses in Hong Kong to facilitate digital asset trading.
Last month, Financial Times said that Bulnish had filed confidential documents to the SEC for an American IPO. The report indicates that the American Investment Bank Jefferies has been selected as the main subscriber for the offer.
The exchange, which previously attempted to become a public via an acquisition company agreement for special purposes (SPAC) in 2021, saw its previous efforts collapse while the acute markets in the midst of increasing interest rates.
The Haussier movement comes in the middle of recent successes in the IPO Crypto space. Circle, the USDC transmitter (USDC) Stablecoin, raised $ 1.1 billion during its public beginnings last month, exceeding expectations and marking a record gain of 167% on its first day of negotiation.
On June 6, Gemini, the exchange founded by Cameron and Tyler Winklevoss, also tabled in any configuration for an American list. The two brothers supported Trump’s re -election offer and supported the crypto political action committees.
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Win for the crypto like Trump signs an act of genius
President Donald Trump signed the law on engineering on Friday, marking the first major American legislation to regulate cryptocurrency, in particular the $ 250 billion market. The bill had adopted the Chamber with bipartite support of 206 Republicans and 102 Democrats.
The signature ceremony included members of the congress and managers of large cryptography companies such as Robinhood, Tether and Gemini. The progress of the bill has been briefly blocked by a dozen conservative republicans but were authorized after the negotiations.
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