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CoinDesk's Parent Company Bullish Faces Financial Challenges Ahead of IPO Listing
Summary: According to reports, CoinDesk's parent company Bullish has recently secretly submitted an initial public offering (IPO) application to US regulatory agencies. If successful, it plans to list on the New York Stock Exchange (NYSE) under the ticker symbol 'BLSH'. However, disclosure documents indicate that the company appears to be facing financial challenges, reporting a net ...
According to reports, CoinDesk's parent company Bullish has recently secretly submitted an initial public offering (IPO) application to US regulatory agencies. If successful, it plans to list on the New York Stock Exchange (NYSE) under the ticker symbol 'BLSH'. However, disclosure documents indicate that the company appears to be facing financial challenges, reporting a net loss of $3.486 billion in the three months ending March 31, 2025, a stark contrast to the $1.048 billion profit in the same period last year. Despite this, the exchange's leadership remains optimistic, emphasizing its mission to drive the adoption of stablecoins, digital assets, and blockchain technology. Since its establishment, the exchange has already reached a total trading volume of $1.25 trillion, with a daily average trading volume of $25 billion in just the first quarter of 2025. (Crowdfundinsider)
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Link: CoinDesk's Parent Company Bullish Faces Financial Challenges Ahead of IPO Listing [Copy]
