Crypto Exchange Bullish confidentially requested an initial public offer of the United States, Financial Times reported Wednesday, citing people familiar with the situation.
The company aims to capitalize on the enthusiasm renewed by the digital assets promoted by the pro-Crypto policy signals of the Trump Administration and follows the OPI of Stablecoin Issuer Circle (CRCL), whose actions increased 168% on the first day of negotiation.
The FT did not distinguish between the Alcista exchange and his father, the Alcista group, the company backed by Peter Thiel who is also Coendesk’s mother.
The confidential presentation before the stock exchange and securities commission allows the bullies to prepare for a public list while maintaining private financial details for now. Jefferies will serve as the main subscription, according to Financial Times.
Bullish previously tried to make public in a SPAC agreement in 2021. The plan collapsed the following year amid market volatility. Bullish Exchange is a negotiation platform regulated by Gibraltar.
This time, OPI’s presentation occurs when Bitcoin quotes around $ 110,000 and the cryptographic feeling is strengthened in the middle of favorable regulatory tail winds after the election of the president of the United States, Donald Trump.
The group is led by CEO Tom Farley, former president of Nyse Group, and chaired by Brendan Blumer de Block. Thiel is co -founder of Paypal (PyPL) and an early investor on Facebook, now goal (target).
Jefferies declined to comment to Ft. Bullish did not respond to the FT and had not responded to a request for comments from Coindesk for publication time.
Read more: Bullish Global Pesa ipo as soon as this year in the middle of the optimism of the Crypto market: Bloomberg
