The cryptocurrency exchange operator and the Bullish media company plans to collect between $ 568 million and $ 629 million in an American public offer (IPO), having already aroused the interest of the main institutional investors.
Only a few weeks after his initial submission of Introduction on the stock market, Bulnish submitted an F-1 document updated with the Securities and Exchange Commission (SEC) of the United States, describing plans to issue 20.3 million shares, potentially evaluating the company up to $ 4.2 billion.
If the IPO is approved, the upward shares could start to be negotiated on August 12.
The investment accounts managed by BlackRock and Ark Investment Management subsidiaries have indicated interest in buying up to $ 200 million in Awards at IPO, the file revealed.
The company intends to convert part of the product of the US Dolraux stables -co -for -laws, according to the file.
Bullish operates a platform of digital assets adapted to institutional customers and available in more than 50 jurisdictions, excluding the United States. The company extended to Crypto Media in November 2023 by acquiring Coindesk of Digital Currency Group for $ 72.6 million.
Coindesk is the second largest cryptographic media in the world by Lectorate, with the deposit of F-1 in Bullish reporting an average of 4.9 million unique monthly viewers in 2024.
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Bullish is one of the many companies focused on cryptocurrency on public lists. In July, the goalkeeper of digital assets Bitgo made a public public call in the United States, although he did not disclose the number of actions or his targeted evaluation.
Last week, Cointtelegraph reported that Crypto Exchange Kraken planned to raise $ 500 million thanks to a stock exchange which could enhance the company at around $ 15 billion, much higher than its previous recovery of around $ 11 billion.
Similar reports suggest that Crypto Exchange OKX is also preparing for an introduction to the American stock market after recently released its services into the country.
One of the most successful crypto stock offers this year came from Stablecoin Issueer Circle, which added billions to its market capitalization after the launch of its CRCL shares. Before becoming a public, Circle increased its objective of IPO nearly $ 900 million in the midst of strong institutional demand.
The recent increase in Cryptographic IPO activity is involved in the midst of significant regulatory progress in the United States and the growing institutional adoption of digital assets.
Last month, US President Donald Trump signed the Act on Engineering, a key element in Stablecoin’s legislation, in the law. Meanwhile, the House of Representatives adopted two additional bills focused on the market structure and anti-CBDC measures before its August recreation.
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