Crypto exchange Bullish Global is contemplating a public share offering for the first time during 2025, according to Bloomberg, referencing sources familiar with the developments. The company, which is a subsidiary of Block.one and owns CoinDesk, is collaborating with Jefferies Financial Group to explore potential listing paths.
Key Points:
- Bullish Global is thinking about an IPO as early as this year.
- The exchange previously suspended its SPAC listing plans in 2022.
The discussions around the IPO come at a time when the prices of Bitcoin and other cryptocurrencies have surged since Donald Trump’s victory in the U.S. elections last November. The overall value of the crypto market has increased significantly, reaching $3.15 trillion from $2.2 trillion.
Led by Tom Farley, Bullish operates with a workforce exceeding 275 individuals across Hong Kong, the U.S., and Europe. The firm possesses approximately $10 billion in digital assets and liquid capital. Considering its earlier SPAC plans in 2021, which were abandoned, the current IPO discussions are set to include additional banking partners.
Representatives from Bullish and Block.one did not respond to Bloomberg’s inquiries, while Jefferies chose not to comment. A request for commentary from Bullish was also left unanswered before the article’s publication.
