According to sources cited by the Financial Times, the digital asset exchange Bullish, backed by billionaire investor Peter Thiel, has submitted confidential documents for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC).
According to the report, the U.S. investment bank Jefferies has been selected as the lead underwriter for the offering. Bullish has not made any public statements regarding its plans.
This move puts Bullish in line with a wave of crypto companies hoping to capitalize on renewed investor enthusiasm under the Trump administration and a more favorable regulatory tone.
The company previously attempted to go public through a special purpose acquisition company (SPAC) deal in 2021, but its early efforts failed due to a deteriorating market amid rising interest rates.
Recent successes in the crypto IPO space seem to have inspired Bullish's actions. Last week, USDC (USDC) stablecoin issuer Circle raised $1.1 billion in its public listing, exceeding expectations and achieving a record 167% increase on its first trading day.
On June 6, the exchange Gemini, founded by Cameron Winklevoss and Tyler Winklevoss, also submitted confidential documents for a U.S. listing. The two brothers are active supporters of Trump's re-election campaign and back a political action committee focused on cryptocurrency.
On May 14, social trading platform eToro officially debuted on Nasdaq under the ticker symbol ETOR, having previously submitted confidential documents to the SEC and appointed Goldman Sachs to advance the process.
Bullish is led by former New York Stock Exchange Group President Tom Farley as CEO. Thiel, an early supporter of Bitcoin (BTC), donated to Donald Trump's 2016 presidential campaign.
Despite the recent surge in IPO activity, data shows that cryptocurrency listings continue to outperform traditional stock exchange listings.
According to a report shared by CoinMarketCap on April 3, the average return on investment (ROI) for tokens listed on major crypto exchanges over the past 180 days exceeded 80%. This performance outstripped major stock indices like Nasdaq and the Dow Jones.
The report also found that 68% of cryptocurrency listings generated positive returns, surpassing the 54% of the New York Stock Exchange and 51% of Nasdaq.
Related: Coinbase: Interest in stablecoins among Fortune 500 companies has tripled compared to last year
Original article: “Financial Times: Peter Thiel-backed crypto exchange Bullish files for U.S. IPO”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
