Bullish Exchange Crypto platform owner says it plans to raise up to $629 million in an initial public offering (IPO) on the New York Stock Exchange.
The company also owns Coindesk, which says it plans to sell 20.3 million shares of common stock, with an expected price of $28 to $31 per share Revised F-1 file Filed with the Securities and Exchange Commission on Monday. It wants to trade under the stock “blsh”.
Funds managed by Blackrock and ARK Investment Management show that up to $200 million of stocks were purchased at IPO prices, according to the revised F-1 filing. Underwriters of these products can choose to purchase an additional 3.045 million shares, depending on the demand.
The Road Show is the first few weeks after the Cayman Islands General Nutrition Company submitted. F-1 registration at SEC. The company’s goal is to use the IPO proceeds for general corporate purposes and potential future acquisitions.
According to its application, bullish institutional trading platforms can provide on-site and derivatives trading as well as liquidity services.
The company provided net revenue in the second quarter was estimated to be between $106 million and $109 million. In the first quarter, it reported a total profit of $80 million in 2024, losing $349 million.
