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The digital asset trading platform Bullish raised $1.1 billion in its IPO, with a valuation of $5.4 billion.
[Chain News] On August 13, it was reported that the digital asset trading platform Bullish raised $1.1 billion through its IPO, with an issuance price of $37 per share, higher than the previous range of $32 to $33. The IPO was oversubscribed by more than 20 times, with a market capitalization of $5.4 billion. BlackRock and ARK Investment Management intend to subscribe for a total of $200 million in shares. Bullish is led by former NYSE president Tom Farley as CEO, primarily serving institutional clients, with the largest shareholder being Block.one CEO Brendan Blumer (holding 30.1%). The company will be listed on the NYSE under the ticker BLSH.