Coindesk owner Bullish ups IPO goal to $1 billion as Wall Street backs crypto push

Bullish has increased its IPO target valuation to about 990 million USD as investor interest rises. They plan to sell 30 million shares priced at 32 USD to 33 USD each, potentially leading to a market capitalization of approximately 4.8 billion USD.

Major Wall Street banks, including JPMorgan and Citigroup, are leading the IPO. Institutional demand for digital assets is on the rise, with notable investors like BlackRock exploring Bullish’s opportunities.