The cryptocurrency exchange platform Bullish is set to be listed on the NYSE today.

BlockBeats News, August 13th, the cryptocurrency exchange platform Bullish, supported by billionaire Peter Thiel, will be listed on the NYSE on August 13th under the stock symbol BLSH. According to the regulatory filing submitted by the company on August 4th, they will sell 20.3 million shares of stock at a price of $28 to $31 per share, raising up to $629.3 million. In addition, the underwriters have a 30-day option from the date of the prospectus to purchase an additional 3.045 million shares.

On August 11th, Bullish increased the size of its initial public offering (IPO), now targeting a valuation of up to $4.82 billion, a significant increase from last week's $4.2 billion target. 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 approximately $990 million.

Bullish was launched by Block.one (the blockchain company behind EOS) in 2020, and BlackRock and Cathie Wood's ARK have already announced plans to purchase $200 million in shares. In terms of assets, Bullish noted in its filing that the company currently holds over $3 billion in liquid assets, including 24,000 BTC, 12,600 ETH, and $418 million in cash and stablecoins. The company operates a digital asset trading platform and owns the well-known cryptocurrency media outlet CoinDesk.