Crypto Exchange Bulshish posted confidentially for a first American public offer, the Financial Times reported on Wednesday, citing people familiar with the situation.
The company aims to capitalize on the renewal of the enthusiasm for digital assets motivated by the pro-Crypto policy signals of the Trump administration and follows the IPO of Stablecoin Issueer Circle (CRCL), whose shares increased up 168% on the first day of negotiation.
The FT did not distinguish between the Haussier exchange and its parent group, Haussier, the company supported by Peter Thiel who is also the parent of Coindesk.
The confidential deposit with the Securities and Exchange Commission makes it possible to prepare a public list while keeping the private financial details for the moment. Jefferies will serve as a main subscriber, according to the Financial Times.
Bullish has already tried to make public in a Spac agreement in 2021. The plan collapsed the following year in the midst of market volatility. Bullish Exchange is a regulated trading platform in Gibraltar.
This time, the IPO has intervened because Bitcoin is negotiated about $ 110,000 and that crypto feeling is strengthening in the middle of the regulatory tail winds favorable following the election of US President Donald Trump.
The group is led by CEO Tom Farley, a former president of the Nyse group, and chaired by Brendan Blumer de Block. Thiel is co-founder of Paypal (Pyp) and an old investor in Facebook, now Meta (Meta).
Jefferies refused to comment on the FT. Bullish did not respond to the FT and had not responded to a request for Coindesk comments in publication.
Read more: Bullish Global weighs the IPO this year in the middle of optimism of the cryptography market: Bloomberg
