Crypto Exchange Bullish has increased the size of its initial public offer to $ 990 million of $ 629 million, since the company seeks to take advantage of a hot market for cryptographic companies.
COINDESK is a subsidiary of Bullish.
According to a presentation before the stock exchange and securities on Monday, Bullish aims to sell 30 million shares at a price of $ 32 to $ 33 each, or $ 990 million and an assessment of $ 4.8 billion at the top of the range.
In a previous presentation on August 4, the company had planned to market 20.3 million shares at $ 28 to $ 31 each, or around $ 629 million and an assessment of $ 4.2 billion at the top of the range.
Bullish is one of the many cryptographic companies that hope to take advantage of an OPI market in space, since the industry is beginning to benefit from a clearer regulatory framework and interest of investors, not to mention very high prices in recent times for the main cryptocurrencies such as Bitcoin and Ether.
Stablecoin emitter circle (CRCL) He was one of the first to make public in June and has seen that the price of his shares is triggered 93% since then.
In a previous presentation before the SEC, Bullish revealed that the funds administered by Blackrock and Ark Investment Management have expressed interest in buying company shares worth $ 200 million at the price of OPO.
The company, which would trade under the “BLSH” ticket, also revealed that it had registered an estimate of net income from $ 106 million to $ 109 million for the second quarter after informing losses for the first quarter and the fourth quarter of 2024.
