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Data: Bullish Raises $1.1 Billion in IPO Funding
Summary: According to Bloomberg, cryptocurrency exchange platform Bullish raised $1.1 billion through its initial public offering at a price of $37 per share, higher than the previous range of $32 to $33. The IPO was oversubscribed by over 20 times, valuing the company at $5.4 billion. BlackRock and ARK Investment Management intend to collectively subscribe to ...
According to Bloomberg, cryptocurrency exchange platform Bullish raised $1.1 billion through its initial public offering at a price of $37 per share, higher than the previous range of $32 to $33. The IPO was oversubscribed by over 20 times, valuing the company at $5.4 billion. BlackRock and ARK Investment Management intend to collectively subscribe to $200 million in shares. Bullish, led by former NYSE President Tom Farley as CEO, primarily serves institutional clients, with the largest shareholder being Block.one CEO Brendan Blumer (holding 30.1% of shares). The company will be listed on the NYSE under the ticker symbol BLSH.
