Thiel-Backed Exchange Moves Toward Public Listing

According to the Financial Times, the company recently submitted confidential IPO documents to the U.S. Securities and Exchange Commission.

The report cited two sources familiar with the filing. A confidential submission allows Bullish to prepare for listing without revealing financials too early.

Jefferies Expected to Lead Bullish’s IPO Process

Jefferies will reportedly serve as the lead underwriter for the offering. The timeline for the IPO remains undisclosed.

Filing confidentially gives Bullish the option to test investor interest while maintaining privacy around its performance metrics.

READ MORE:

Bitcoin Targeting $120,000 While Altcoins Signal Historic Breakout Potential

Regulated Exchange Holds Tier-1 Licenses Globally

Bullish describes itself as a fully regulated and audited exchange. According to its website, it holds top-tier licenses and operates on a global scale.

The IPO effort follows a wave of institutional interest in crypto platforms seeking legitimacy in public markets.

The post Thiel-Backed Exchange Moves Toward Public Listing appeared first on Coindoo.