CoinDesk owner Bullish set for NYSE debut after $1.1 billion IPO

Bullish

13/08/2025 11:14

** Media outlet CoinDesk's owner Bullish BLSH.N set to begin trading on the New York Stock Exchange on Wednesday under ticker symbol "BLSH"

** BLSH raised $1.11 billion in an upsized IPO by selling 30 million shares at $37 apiece, above its already bumped up marketed range

** The IPO fetched a $5.4 billion valuation for BLSH

** BLSH, which is led by former New York Stock Exchange president Tom Farley, operates an exchange that offers spot crypto trading, futures and derivatives trading

** J.P. Morgan and Jefferies were lead book-running managers of the offering

** BlackRock and Cathie Wood's Ark Investment Management had committed to buy up to $200 million worth of shares from Bullish's offering

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))