Block.one subsidiary Bullish Global eyes IPO: report

The cryptographic firm supported by Alan Howard Bullish Global weighs a first public offer this year.

Global Haussier, a crypto exchange The operator seems to be preparing for an IPO while the American market heats up again in Crypto. Supported by big names like Alan Howard and Peter Thiel, the cryptographic firm work would have in public in 2025, Bloomberg reportsquoting people familiar with the issue.

Bullish Global would have worked with Jefferies Financial Group on the potential list. However, discussions are still underway and subject to change.

Led by the director general Tom Farley, the Bulsh Crypto Exchange has more than 275 employees. It operates in the United States, Hong Kong, Singapore, Gibraltar and the Cayman Islands, the report indicates. The exchange also acquired Crypto Media Outlet Coindesk in 2023, but the terms of the transaction were not disclosed.

Brendan Blumer’s Block. Launched Haussiers in 2021, supporting the scholarship with $ 10 billion in funding. Its capital includes both money and crypto, starting with an initial injection of $ 100 million, 164,000 BTC and 20 million EO. Bulsish later raised an additional $ 300 million thanks to a strategic investment round.

Donors include Thiel Capital, Founders Fund, Alan Howard, Louis Bacon, Richard Li, Christian Angeryer, Galaxy Digital and Nomura, among others. Blumer is also president of Bullish.

Bullish had once planned to make public in a $ 9 billion SPAC agreement with the acquisition of Far Peak. However, in 2022, the exchange abandoned the idea. Former CEO Brendan Blumer said the agreement was canceled Because the process took “more time than expected”.