Bullish is the owner of CoinDesk and the site's crypto data and analytics services. It also operates the Bullish Exchange, which is a digital asset platform focused on institutional clients. Since its launch in 2021, the Bullish platform has exceeded $1.25 trillion in total trading volume as of March 31.
The company has received backing from the likes of Palantir (PLTR) CEO Peter Thiel. BlackRock (BLK) and Cathie Wood's ARK Invest Management (ARKK) have indicated interest in investing up to $200 million in shares, CNBC reported.
The first digital asset exchange.
- Sector: Technology
- Industry: Software - Infrastructure
- Full Time Employees: 400
- Founded in 2020
- HQ in George Town, Cayman Islands
- https://www.Bullish.com
Bullish opened at $90 after pricing an upsized 30.0 mln share IPO at $37/share.
Trading for the crypto exchange and news provider was halted multiple times due to volatility after the launch.
The cryptocurrency exchange initially planned to offer 20.3 mln shares within a projected price range of $28-$31.
The upsized deal gives the company a total market value of $5.4 bln.
