Peter Thiel-Backed Bullish Files for US IPO Amid Crypto Market Resurgence
Summary
Bullish, a digital asset exchange backed by Peter Thiel, has filed confidential paperwork with the SEC for an IPO, with Jefferies as the lead underwriter. This move aligns with a trend of crypto companies seeking to leverage renewed investor interest and a favorable regulatory environment under President Trump. Bullish previously attempted a SPAC deal in 2021, which failed due to market conditions. Recent successful crypto IPOs, such as Circle's $1.1 billion debut and Gemini's confidential filing, have inspired Bullish. The average ROI for tokens on crypto exchanges has exceeded 80% over the past 180 days, outperforming traditional stock indexes like the Nasdaq and Dow Jones.
