Bullish Increases IPO Size and Nears $5 Billion Valuation

Bullish, the cryptocurrency trading platform led by former New York Stock Exchange director Thomas Farley, has increased the number of shares offered in its initial public offering (IPO) and raised the estimated price range. The listing is scheduled for Wednesday on the New York Stock Exchange under the ticker symbol “BLSH.”

The company now plans to sell 30 million common shares, with an estimated price between $32 and $33 per share. This adjustment raises Bullish’s proposed valuation to nearly $5 billion.

The decision to increase the offering comes amid growing institutional investor interest in digital assets, including bitcoin. Bullish aims to attract more participants from the traditional investment sector to the cryptocurrency market.

The Bullish listing marks a major new entry of a crypto-sector company into the public markets, at a time when volatility and regulations remain significant factors for the industry. The shares will be traded on the NYSE, with the debut closely watched by investors and financial technology analysts.