Hoping to follow the Blockbuster PEER CRYPTO COMPANY CIRCLE (CRCL) and ETORO (Toro) initial public offers, the Peter Bitchie -supported is ready to debut and can start trading as soon as today, August 13. Will Til, who previously supported a pet-like pet, Palantir (Pltr), to be proven correctly, and should investors buy BLSH shares after he starts trading?
Founded quite recently in 2020, with former New York President in New York, Tom Farley as its CEO, Bullish has been regulated, institutional cryptocurrency and digital infrastructure platform. It supports both Spot and derivatives, supported by Blockchain -powered orders and a financial model supported by finances designed for deep liquidity and conformity. He acquired Coindesk in 2023, leading media, data, events and indices specializing in the cryptocurrency and digital assets industry.
Earlier, he was aiming for $ 4.2 billion with a price range of $ 21 to $ 31 per share, Bullish has already increased the IPO size to $ 990 million. From an earlier offering of 20.3 million shares, the company will already offer 30 million shares in the price range of $ 32-33 per share with a $ 4.8 billion estimate. In particular, the company already has some elite supporters in the form of the founders of Peter Til, Blackrock, Ark, Block.one and more.
Bullish has noted an impressive growth of its revenue over the last three years. While in 2022 the company reported sales of digital assets of $ 72.9 million, this increased to $ 250.2 million by 2024. For the first three months of 2025, Bullish digital assets sales amounted to $ 80.2 million compared to $ 80.4 million in the period year ago.
In terms of bottom row, Bullish reported a net loss of $ 349 per Q1 2025 compared to a $ 105 million profit.
The prospects of the market that operates are good … quite a bit. A 2025 report, published by spherical insights, sets the estimated global digital assets trading platform of approximately $ 2.5 billion in 2023. In the next decade The industry.