Mentioned:
BLSH -8.97% GLXY -11.51%
One of the biggest crypto exchanges in the world is making their Wall Street debut. And they’ve raised over a billion dollars in the process.
What’s happening:
- Digital asset exchange Bullish (NYSE: BLSH) has successfully raised $1.1B USD in their IPO financing round and begun trading on the New York Stock Exchange
- The IPO financing round was led by J.P. Morgan, Cantor Fitzgerald and Jefferies
By the numbers:
- Bullish issued 30M common shares at $37.00 USD per share as part of the IPO financing
Why it matters:
- Bullish is one of the fastest growing crypto exchanges ever focused on institutional investors and traders and has surpassed more than one trillion dollars in total trading volume since inception
Going deeper:
- Multiple prominent venture capital funds and family offices were early investors in Bullish, including Galaxy Digital (NASDAQ: GLXY), Peter Thiel’s Founders Fund, BlackRock and Block.one
- Bullish is led by the former president of the New York Stock Exchange Tom Farley and is currently operational in more than fifty different jurisdictions globally
