An all-new cryptocurrency exchange, headed by Peter Thiel, is quietly preparing for a public listing opportunity in the US. According to the report, Bullish has just filed a confidential application and supporting paperwork in favor of the decision.
Reports suggest that American investment bank Jefferies would be one of the primary underwriters for this offering. However, the firm is quite tight-lipped about the whole situation. Then again, reports of the filing suggest otherwise.
History Of Bullish
Bullish was launched in 2021 as a subsidiary of Block.one. The firm was headed by Brendan Blumer, who remains the chairman to this day. Even though the company had planned to go public in 2021, the market collapse prevented the deal from going through.
Under the leadership of CEO Tom Farley, the company is reigniting its passion to become an IPO. According to leaked reports, the company is approaching the topic with greater enthusiasm as it is bringing more banks into the fray.
Given the current market state, it is likely that the firm will finally receive its IPO status. Lately, more and more companies are receiving their IPO status, like eToro or Circle. Therefore, it is highly likely that Bullish would also see some positive traction.
