Bullish Files for IPO as Trump's Crypto Pivot Drives Demand: FT
Summary
Crypto exchange Bullish has filed for an initial public offering with the SEC, marking its second attempt to go public after a failed $9 billion merger with Far Peak in 2021. The renewed effort follows favorable crypto policies under President Donald Trump and a stable Bitcoin market. Bullish's move aligns with a trend of crypto companies pursuing public listings, as seen with Gemini and Circle's recent market activities. Circle's debut on the NYSE raised over $1.1 billion, significantly boosting its stock value. Bullish operates a blockchain-based exchange and acquired CoinDesk in 2023. CEO Tom Farley is a former NYSE Group president.
