Cryptocurrency exchange Bullish is targeting a valuation of up to $4.32 billion in its upcoming initial public offering in the U.S., the company disclosed on Monday.
Details Of The IPO
Bullish, backed by billionaire investor and entrepreneur Peter Thiel, is seeking to raise up to $629.3 million by offering 20.3 million shares priced between $28 and $31 each. The company applied to list the shares on the New York Stock Exchange under the ticker “BLSH.”
“We have granted the underwriters an option for a period of 30 days from the date of this prospectus to purchase up to 3,045,000 additional Ordinary Shares, at the initial public offering price, less underwriting discounts and commissions,” Bullish said. JPMorgan Chase & Co. (NYSE:JPM) and Jefferies Financial Group Inc. (NYSE:JEF) are the lead underwriters.
See Also: Eric Trump Advises To Buy Bitcoin, Ethereum Dips — Last Time He Said …