Yesterday I was gonna share this news, but then I figured it wasn’t worth it.

Peter Thiel-backed crypto platform Bullish files IPO, aims to raise up to $629 millionPeter Thiel-backed crypto platform Bullish files IPO, aims to raise up to $629 million

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• The company aims to sell 20.3 million shares at a price between $28 and $31, according to a preliminary prospectus.
• JPMorgan and Jeffries are the lead underwriters.

Bullish, a crypto platform that counts billionaire tech investor Peter Thiel as an investor, is seeking to raise up to $629 million with an initial public offering, according to a Monday filing with the U.S. Securities and Exchange Commission.

The company aims to sell 20.3 million shares at a price between $28.00 and $31.00, according to a preliminary prospectus, which would value Bullish at $4.2 billion.

In June, Bullish confidentially filed for an initial public offering. A confidential IPO process typically allows companies to advance their listing preparations without disclosing financial details until they move closer to going public.

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https://www.theblock.co/post/365457/peter-thiel-backed-crypto-platform-bullish-files-ipo-aims-to-raise-up-to-629-million