Bullish, the owner of the crypto platform for the bubble exchange (IPO) on the New York Stock Exchange.
The company, which also owns Coindesk, said that it planned to sell 20.3 million ordinary shares with a planned price from $ 28 to $ 31 per share according to a modified F-1 document deposited Monday with the Securities and Exchange Commission. He plans to negotiate under the “BLSH” ticker.
The funds managed by Blackrock and Ark Investment Management have shown interest to buy up to $ 200 million in share at IPO, according to the modified F-1 document. The subscribers of the offers have the possibility of buying 3.045 million additional shares, according to demand.
The roadshow occurs weeks after the company whose headquarters are the Cayman Islands has deposited its initial F-1 Recording to the SEC. The company aims to use the product of the IPOs for general purposes of the company and potential future acquisitions.
According to its file, the institutional negotiation services provide an institutional negotiation platform providing spot tradings and derivatives as well as liquidity services.
The company provided an estimate of the net income between 106 and $ 109 million for the second quarter. In the first quarter, he posted a loss of $ 349 million after declaring a profit of $ 80 million for 2024.
