Bullish, an encrypted currency owned by Bullish Global, has applied for a preliminary general offer (IPO) in the United States. The Kayman Islands company is planning to include its regular shares on the New York Stock Exchange (NYSE) under the Ticker “BLSH”.
The exact number of arrows offered and the price range remains unspecified, According to To the F-1 registration statement on Friday to the US Securities and Stock Exchange Committee (SEC). However, the stock exchange has given the subscription option to buy additional shares.
For the fiscal year 2024, Bullish reported a net income of about $ 80 million. However, despite this positive result for the whole year, the company witnessed a significant decrease in the first quarter of 2025, as it reported a net loss of $ 349 million compared to a net net profit of $ 104.8 million in the same quarter of 2024.
Moreover, the stock market is demanding more than $ 1.9 billion of liquid assets, including cash, Bitcoin (BTCStablecoins and other digital assets.
Related to: GrayScale offers the Secret Public Offer with SEC
Bullish -six -state companies extend
Bullish works through subsidiaries through multiple judicial authorities, including Hong Kong, Kayman Islands, Singapore, UK, Germany and Jabal Tariq.
Hong Kong companies play an important role in the stock exchange operations, as it provides cybersecurity, custody and technology services, according to the file. Bullish Hk Markets Limited carries the organizational licenses in Hong Kong to facilitate the circulation of digital assets.
Last month, the Vinanchel Times times mentioned this Bullish presented secret paper works With the Supreme Education Council for US Public IPO. The report said that the US Investment Bank was chosen as a major author of the offer.
The Stock Exchange, which previously tried to put it in public through the special purposes (SPAC) deal in 2021, witnessed the collapse of its previous efforts as the markets were strained amid high interest rates.
Bullish’s move comes amid the recent successes in the underwriting encryption space. Circle, USDC source (USDC(Stablecoin, A collection of $ 1.1 billion In her first appearance last month, he exceeded expectations and puts signs Register 167 % On the first day of trading.
On June 6, the stock market founded by Cameron and Tyler Winkelvos, too It was made secretly to include the United States. Both brothers supported an attempt to re -election Trump and support political action committees that focus on encryption.
Related to: Exchange OKX Crypto, given the United States Public subscription after local restart: Report
Winning the encryption while Trump signs a genius act
President Donald Trump signed Genius Friday, on the occasion of the first major US legislation to organize cryptocurrencies, especially the $ 250 billion stablecoin market. The bill was The house passed with the support of the two parties From 206 Republics and 102 Democrats.
The signing ceremony included members of Congress and leaders from major encryption companies such as Robinhood, Tether and Gemini. The bill has been banned shortly by dozens of conservative Republicans, however It was cleared after negotiations.
magazine: Anger with $ 1.8 billion “DGCX” deception of deception mocks victims: Asia Express
