Bullish raises $1.1 billion in IPO, oversubscribed by more than 20 times
15 hours ago
According to Odaily Planet Daily, digital asset trading platform Bullish raised $1.1 billion in its initial public offering, priced at $37 per share, higher than its previous range of $32 to $33. The IPO was oversubscribed by over 20 times, bringing its market capitalization to $5.4 billion. BlackRock and ARK Investment Management are interested in subscribing for a combined $200 million in shares. Bullish, led by former NYSE President Tom Farley, primarily serves institutional clients. Its largest shareholder is Block.one CEO Brendan Blumer, who holds a 30.1% stake. The company will list on the NYSE under the ticker symbol BLSH. (Bloomberg)
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