Bullish Global Eyes Initial Public Offering in 2025

Crypto firm Bullish Global is reportedly considering an initial public offering (IPO) as early as this year. The U.S. market’s growing acceptance of cryptocurrencies has created an ideal environment for the crypto exchange operator to go public.

Backed by Prominent Investors

Bullish Global, led by CEO Tom Farley, has garnered significant support from influential investors, including Peter Thiel’s Thiel Capital, Founders Fund, Louis Bacon, Richard Li, Christian Angermayer, Galaxy Digital, and Nomura. The company’s chairman, Brendan Blumer, launched Bullish in 2021 with an initial funding of $10 billion, comprising both cash and cryptocurrencies.

The exchange has raised an additional $300 million through a strategic investment round, solidifying its position in the market. With over 275 employees and operations in the U.S., Hong Kong, Singapore, Gibraltar, and the Cayman Islands, Bullish Global is poised for further growth.

Potential Listing and Acquisitions

Bullish Global is allegedly working with Jefferies Financial Group on the potential listing. Although talks are ongoing and subject to change, the company’s plans to go public demonstrate its commitment to expanding its presence in the market.

In 2023, Bullish Global acquired crypto media outlet CoinDesk, marking a significant move in the industry. The terms of the transaction were not disclosed, but the acquisition highlights the company’s efforts to strengthen its position in the crypto space.

Notably, Bullish Global had previously planned to go public in a $9 billion SPAC deal with Far Peak Acquisition. However, the deal was called off in 2022 due to the prolonged process.

As the crypto market continues to evolve, Bullish Global’s potential IPO is a significant development for investors and enthusiasts alike. For more news and updates on the crypto industry, visit Global Crypto News.

Post Views: 1