Cryptocurrency Exchange Bullish files IPO to raise $629M by offering over 20 million shares; check price range and other details

Cryptocurrency platform Bullish has officially filed an initial public offering (IPO) with the US Securities and Exchange Commission (SEC) on Monday (August 4, 2025), seeking to raise $629.3 million by offering 20.3 million shares priced between $28 and $31 each. The latest IPO filing marks the Peter Thiel-backed crypto firm’s second attempt to go public in four years. Bullish is targeting a valuation of up to $4.23 billion in its United States listing, the company said in a filing.