Bullish encryption trading platform IPO raised 629 million USD, BlackRock ARK plans to subscribe 200 million USD.

On August 7, Block Rhythm reported that Futu has opened the new stock subscription for Bullish (BLSH), a cryptocurrency trading platform under Block.one, the parent company of EOS (now Vaulta). The expected subscription deadline is August 12, 2025, at 19:00.

Bullish's issuance range is from $28 to $31, issuing 20.3 million shares, with a maximum fundraising of $629 million. Based on the highest issuance price, Bullish's valuation will reach $4.2 billion. It is expected to be listed on the NYSE on August 13, 2025. Funds managed by BlackRock and ARK Investment Management have expressed interest in subscribing to common stock valued at up to $200 million at the IPO price. The company operates a digital asset trading platform and owns the well-known encryption media CoinDesk.

Bullish's digital asset sales in 2022, 2023, and 2024 were $72.89 billion, $116.49 billion, and $250.2 billion respectively; net profits were -$4.246 billion, $1.3 billion, and $79.56 million. Bullish's Q1 digital asset sales in 2025 were $80.236 billion, compared to $80.4 billion in the same period last year; net loss was $348 million, while the net profit in the same period last year was $105 million.

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ChainSpyvip
· 08-08 02:35
Hey, it's BlackRock again.
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degenwhisperervip
· 08-07 10:30
It's better to go to a high Lai.
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GasGasGasBrovip
· 08-07 04:12
Why is it about EOS again?
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ForumMiningMastervip
· 08-07 04:12
Is the market finally warming up?!
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LightningAllInHerovip
· 08-07 04:07
Is this valuation too low?
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