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Crypto firm Bullish seeks up to $4.2 billion valuation in US IPO

By Thomson Reuters Aug 4, 2025 | 6:55 AM

(Reuters) -Crypto exchange Bullish is targeting a valuation of up to $4.23 billion in its United States listing, the company said in a filing on Monday, launching its roadshow to capitalize on the momentum built by digital assets amid regulatory clarity.

The company is seeking up to $629.3 million by offering 20.3 million shares priced between $28 and $31 each.

J.P.Morgan, Jefferies and Citigroup are the lead underwriters. The company aims to list on the NYSE under the symbol “BLSH”.

(Reporting by Ateev Bhandari in Bengaluru; Editing by Pooja Desai)