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“🚀 PETER THIEL BOOSTS BULLISH IPO TO NEARLY $1B AMID CRYPTO MANIA!!
peter thiel pumpin’ crypto IPOs like it’s 2021 all over again 🚀💸🤑 what’s next
classic move from Thiel: boosting Bullish’s IPO to nearly $1 billion amidst crypto market frenzy: strategic timing aligns with institutional interest surge,
The digital asset platform backed by Peter Thiel raised its Wall Street target from $629 million to $990 million, entering the public crypto offers league. The company increased its ordinary shares to 30 million and the price range to $32-$33 per share, aiming to raise $990 million. The IPO under the ticker “BLSH” is managed by JP Morgan, Jefferies, Citigroup, and others. Bullish focuses on digital assets and operates a spot exchange and derivatives market, including Coindesk. Founded in 2021, Bullish has backers like Thiel and operates in Germany, Hong Kong, and Gibraltar.
The Bullish IPO timing aligns with a surge in digital asset listings, reflecting growing institutional interest. Bullish’s IPO follows successful listings like Circle’s, indicating a bullish sentiment in capital markets towards regulated digital assets. CEO Tom Farley sees the IPO as a growth catalyst, offering credibility, access to capital, and M&A opportunities. For retail investors, investing in Bullish allows exposure to crypto growth without managing tokens directly, providing regulated market benefits.
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