Bulish, owner of the Bulish Exchange Crypto platform, said it is planning to raise $ 629 million in its initial public offer (IPO) at the New York Stock Exchange.
The company, who also owns Coindesk, said it is planned to sell 20.3 million ordinary shares with an expected price of $ 28- $ 31 per share. Revised f 1 document It was filed with the Securities and Exchange Commission on Monday. This tick expects to trade under “BLSH”.
Funds managed by Blackrock and Arc Investment Management have shown interest in purchasing shares worth $ 200 million at the IPO price, according to the revised F -1 document. Prasad’s underwormers have an option to purchase an additional 3.045 million shares based on demand.
The Cayman Islands -facilitated firm comes to Roadshow weeks after filing its initial F -1 registration with SEC. The company aims to use IPO income for general corporate purposes and potential future acquisitions.
Bulish runs an institutional trading platform, providing liquidity services with spots and derivative trading according to its filing.
The company provided a net income estimate between $ 106 million and $ 109 million for the second quarter. In the first quarter, it posted a loss of $ 349 million after reporting a profit of $ 80 million for all of 2024.
