Bullish's IPO Receives Oversubscription Even After Upsizing

BlockBeats News, August 11th, the initial public offering (IPO) of the crypto exchange platform Bullish received oversubscription after upsizing. (Bloomberg Terminal)

BlockBeats previously reported that the Peter Thiel-backed cryptocurrency exchange platform Bullish has expanded its IPO size, now targeting a valuation of up to $4.82 billion. This is a significant increase from the $4.2 billion target set last week. The new plan is to sell 30 million shares at a price of $32 to $33 per share. At the highest price, Bullish could raise around $990 million, an increase from the earlier plan to sell 20.3 million shares at $28 to $31 per share. (Reuters)