Bullish Files for US IPO, Plans NYSE Listing Under “BLSH”

Bullish, the cryptocurrency exchange owned by Bullish Global, asked for an initial public offer (IPO) in the United States. The company based in the Cayman Islands plans to introduce its normal shares on the New York Stock Exchange (NYSE) under the symbol of Ticker “BLSH”.

The exact number of shares to be offered and the price range remains unspecified, according to On Friday statement on the F-1 registration filed with the US Securities and Stock Exchange Commission (SEC). However, the exchange granted the 30 -day subscribers the opportunity to buy additional shares.

For the fiscal year 2024, Bullish showed a net income of approximately $ 80 million. Despite this positive year -round result, however, the company recorded a significant decline in the first quarter of 2025, showing a net loss of $ 349 million compared to a net profit of $ 104.8 million in the same quarter of 2024.

In addition, exchange requires over $ 1.9 billion in liquid assets, including cash, bitcoins (BTC), stablecoins and other digital assets.

Related: Grays presents confidential submissions of IPO u Sec

Bullish’s subsidiary companies include six jurisdictions

Bullish operates through subsidiaries across different jurisdictions, including Hong Kong, Cayman Islands, Singapore, United Kingdom, Germany and Gibraltar.

Its subsidiary companies in Hong Kong play a key role in Exchange operations and provide engineering, cyber security, binding and technological services according to submission. Bullish HK Markets Limited holds a regulatory license in Hong Kong to facilitate trading with digital assets.

Last month the Financial Times reported Bullish filed confidential paperwork S SEC for American IPO. The report said that the US Investment Bank Jefferies was selected as the main subscriber for the offer.

The exchange, which had previously tried to publish through an agreement on the acquisition of special purpose (SPAC) in 2021, noted that its earlier efforts have collapsed because the markets sour at growing interest rates.

Bullish’s step comes in the middle of recent successes in the IPO crypto area. Circle, USDC issuer (USDC) Stablecoin, gained $ 1.1 billion In his public debut last month exceeded expectations and indicated a Profit 167% On the first day of trading.

On June 6, Gemini, a Stock Exchange founded by Cameron and Tyler Winklevoss, also Filed intimately for an American listing. Both brothers supported Trump’s re -election and supported crypt -oriented political action committees.

Related: OKX CRYPTO EXCHANGE Consideration of US IPO after local re -startup: message

Win for crypto because Trump Signs Genius Act

Signed by President Donald Trump Genius On Friday, the first major US legal regulations to regulate cryptocurrencies, especially the stablecoin market of $ 250 billion. The bill had went through a house with bipartisan support from 206 Republicans and 102 democrats.