Bullish Global Considers IPO Amid Growing Digital Assets Interest
Bullish Global Explores IPO
Bullish Global, a subsidiary of Block.one and backed by Peter Thiel, is considering an initial public offering (IPO) that could take place as early as this year. The company operates a prominent cryptocurrency trading platform and recently acquired the crypto media outlet CoinDesk in November 2023.
Context and Background
The potential IPO follows the positive market sentiment influenced by President Donald Trump's support for the cryptocurrency industry. Trump, who received backing from Thiel, has taken steps to bolster the digital assets sector since taking office.
Block.one and Bullish Global's Journey
Block.one, known for developing the EOSIO blockchain, launched Bullish Global in 2021 with a substantial funding round nearing $10 billion. Although the company initially planned to go public in 2021, it did not proceed with the IPO at the time.
Current Developments
Bullish Global is currently collaborating with Jefferies Financial Group to explore the possibility of launching an IPO. The company has not provided immediate comments on the matter.
Market Implications
The news aligns with the broader interest in the digital assets space, evidenced by investments from Thiel's Founders Fund and other prominent investors such as Alan Howard, Mike Novogratz, and Nomura, who have engaged with Block.one and related platforms.
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