Crypto firm Bullish raises price range for New York IPO.
Digital asset platform Bullish has priced Wednesday's initial public offering in New York above its indicated range at $37 per share, raising well over $1bn.
Source: Sharecast
The CoinDesk owner, which had already raised its indicated range earlier in the week from $28-31 to $32-33 a range, said it was again upsizing the expected price range in a statement late-Tuesday.
Bullish said it was offering 30m shares at its stock market debut on Wednesday as it aimed to raise $1.11bn, valuing the company at $5.41bn.
The company is most well known for its CoinDesk brand, which operates as a media and events provider for the crypto industry, as well as running benchmarks and indices that track digital assets.
It also runs Bullish Exchange, a regulated and institutionally focused digital assets spot and derivatives exchange.
Founded in 2021, the company is run by chief executive Tom Farley, who is the former president of the New York Stock Exchange Group.
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.