Bullish, the owner of the Exchange Bullish cryptographic platform, said he plans to raise up to $ 629 million in his initial public offer (IPO) In the New York Stock Exchange.
The company, which also has COINDESK, said it plans to sell 20.3 million ordinary shares with an expected price of $ 28- $ 31 per share according to a modified F-1 document presented to the Bag and Securities Commission on Monday. Wait for merchandise under the “BLSH” ticket.
The funds administered by Blackrock and Ark Investment Management have shown interest in buying up to $ 200 million in shares at the price of OPO, according to the modified F-1 document. The subscribers of the offers have the option of buying 3,045 million additional shares, depending on the demand.
The Roadshow arrives weeks after the company based in the Caimán Islands presented its initial registration of F-1 before the SEC. The company aims to use OPI income for general corporate purposes and possible future acquisitions.
Bullish directs an institutional trade platform that provides commerce of points and derivatives, as well as liquidity services, according to its presentation.
The company provided an estimate of net income of between $ 106 million and $ 109 million for the second quarter. In the first quarter, he registered a loss of $ 349 million after informing profits of $ 80 million for all 2024.
