Bullish Exchange Files to Go Public in the United States
Bullish, a digital asset exchange based in the Cayman Islands, has filed to go public in the United States. The company is seeking a listing on the New York Stock Exchange under the ticker symbol BLSH. This will mark its first major step toward becoming a publicly traded firm.
Bullish Moves Toward NYSE Listing After SEC Filing
Leading cryptocurrency exchange Bullish has submitted its registration to the U.S. Securities and Exchange Commission as it prepares to launch an initial public offering.
The company, owned by Bullish Global, wants to list its ordinary shares on the New York Stock Exchange. The filing was made public on Friday through an F-1 form, but details such as the number of shares and the expected price range were not included.
According to the update, the company has given underwriters a 30-day window to purchase additional shares if needed. Jefferies, a U.S. investment bank, has been named as the lead underwriter for the offering.
Bullish reported strong financial results last year, with a net income of approximately $80 million in 2024. However, it began 2025 on a weaker note. In the first quarter, the company posted a net loss of $349 million. That represents a significant decline from the $104.8 million profit it reported in the same quarter the previous year.
Despite the loss, Bullish holds more than $1.9 billion in liquid assets. This includes cash, Bitcoin, stablecoins, and other digital currencies. The company states that it remains in a strong financial position as it proceeds with the IPO.
It is worth noting that this is not Bullish’s first attempt to go public. It attempted to pursue a SPAC deal in 2021, but the plan fell through due to challenging market conditions and rising interest rates.
Bullish Operates Across Six Countries as IPO Nears
It is worth noting that while its IPO is focused on the U.S., Bullish has a broad international presence. It operates through subsidiaries in Hong Kong, Singapore, the U.K., Germany, Gibraltar, and its home base in the Cayman Islands.
The company’s Hong Kong unit plays a key role. It holds licenses that enable it to trade digital assets under local law. It also handles cybersecurity, custody, and engineering services for the group.
Bullish’s IPO comes amid rising activity in the crypto market. Other firms, such as Gemini and Ripple Labs, are also eyeing public listings. Coinspeaker reported that Circle, the USDC issuer, is finally listed on the New York Stock Exchange after a successful IPO filing.
Meanwhile, Coinspeaker recently reported that the U.S. government has passed the GENIUS Act, a new law aimed at introducing more explicit rules to the cryptocurrency space. This could pave the way for more companies like Bullish to enter the public market.
The post Bullish Exchange Files to Go Public in the United States appeared first on Coinspeaker.
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Bullish Exchange Files to Go Public in the United States
Bullish, a digital asset exchange based in the Cayman Islands, has filed to go public in the United States. The company is seeking a listing on the New York Stock Exchange under the ticker symbol BLSH. This will mark its first major step toward becoming a publicly traded firm.
Bullish Moves Toward NYSE Listing After SEC Filing
Leading cryptocurrency exchange Bullish has submitted its registration to the U.S. Securities and Exchange Commission as it prepares to launch an initial public offering.
The company, owned by Bullish Global, wants to list its ordinary shares on the New York Stock Exchange. The filing was made public on Friday through an F-1 form, but details such as the number of shares and the expected price range were not included.
According to the update, the company has given underwriters a 30-day window to purchase additional shares if needed. Jefferies, a U.S. investment bank, has been named as the lead underwriter for the offering.
Bullish reported strong financial results last year, with a net income of approximately $80 million in 2024. However, it began 2025 on a weaker note. In the first quarter, the company posted a net loss of $349 million. That represents a significant decline from the $104.8 million profit it reported in the same quarter the previous year.
Despite the loss, Bullish holds more than $1.9 billion in liquid assets. This includes cash, Bitcoin, stablecoins, and other digital currencies. The company states that it remains in a strong financial position as it proceeds with the IPO.
It is worth noting that this is not Bullish’s first attempt to go public. It attempted to pursue a SPAC deal in 2021, but the plan fell through due to challenging market conditions and rising interest rates.
Bullish Operates Across Six Countries as IPO Nears
It is worth noting that while its IPO is focused on the U.S., Bullish has a broad international presence. It operates through subsidiaries in Hong Kong, Singapore, the U.K., Germany, Gibraltar, and its home base in the Cayman Islands.
The company’s Hong Kong unit plays a key role. It holds licenses that enable it to trade digital assets under local law. It also handles cybersecurity, custody, and engineering services for the group.
Bullish’s IPO comes amid rising activity in the crypto market. Other firms, such as Gemini and Ripple Labs, are also eyeing public listings. Coinspeaker reported that Circle, the USDC issuer, is finally listed on the New York Stock Exchange after a successful IPO filing.
Meanwhile, Coinspeaker recently reported that the U.S. government has passed the GENIUS Act, a new law aimed at introducing more explicit rules to the cryptocurrency space. This could pave the way for more companies like Bullish to enter the public market.
The post Bullish Exchange Files to Go Public in the United States appeared first on Coinspeaker.
Read More
Crypto Investment Rampant Among Trump Officials, Key Bills Advance