Bullish increased the size of its IPO to $990 million, according to CNBC. The Peter Thiel-backed cryptocurrency exchange will offer 30 million shares priced between $32 and $33 each, targeting a $4.8 billion valuation. Bullish previously marketed 20.3 million shares at $28 to $31 per share for a $4.2 billion valuation. Underwriters JPMorgan, Jefferies, and Citigroup have a 30-day option to sell an additional 4.5 million shares. BlackRock and ARK Investment Management may purchase up to $200 million of shares. Bullish is the owner of CoinDesk and the latest crypto firm to go public amid renewed investor confidence and growing regulatory clarity from Washington.
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