news 
Title: Peter Thiel-Backed Bullish Seeks $4.2 Billion IPO Amid Policy Shifts in the US
Peter Thiel-backed cryptocurrency exchange, Bullish, has announced plans to go public with a massive $4.2 billion initial public offering (IPO) in the United States. This move comes as part of a broader policy shift in the US, which is expected to positively impact the crypto market.
According to reports, Bullish will be offering 20.3 million shares at a price range of between $28 and $31, potentially raising up to $629.3 million. If successful, this IPO would mark a significant departure from the company’s earlier plans to merge with a blank-check company in 2021, which was eventually scrapped due to regulatory uncertainty.
Bullish is led by former New York Stock Exchange president Thomas Farley and has faced scrutiny over its financial performance, having reported a $349 million loss in Q1 2025. However, the company’s plans for an IPO seem to be driven by positive sentiment regarding crypto regulation in the US.
Source: cryptoslate.com
