Crypto Exchange Bulshish raised the size of its first offer to Public at 990 million dollars, against $ 629 million, while the company is looking to take advantage of a hot market for cryptographic companies.
Coindesk is a bulshish subsidiary.
According to a file with the Securities and Exchange Commission on Monday, Bullish aims to sell 30 million shares for $ 32 to $ 33 each, or $ 990 million and an evaluation of $ 4.8 billion at the top of the range.
In a previous file on August 4, the company had planned to market 20.3 million shares from $ 28 to $ 31 each, or about $ 629 million and an evaluation of $ 4.2 billion at the top of the range.
Bullish is one of the many cryptographic companies hoping to take advantage of a booming market in the introduction in space while the industry is starting to take advantage of a clearer regulatory framework and of investors’ interest, not to mention recently higher prices for the main cryptocurrencies such as bitcoin and ether.
Stablecoin transmitter circle (CRCL) was among the first to become public in June and saw its course of action soar 93% since.
In a previous file with the SEC, Bulnish revealed that the funds managed by Blackrock and Ark Investment Management have expressed interest in buying $ 200 million in the company at IPO Prize.
The company, which would negotiate under the Ticker “BLSH”, also revealed that it had displayed an estimate of the net income of $ 106 million to $ 109 million for the second quarter after reporting losses for the first quarter and the fourth quarter of 2024.
