According to DeepTechFlow, on June 11, the Financial Times reported that Bullish, a cryptocurrency exchange supported by former PayPal CEO Peter Thiel, has submitted a confidential initial public offering (IPO) filing to the U.S. Securities and Exchange Commission (SEC).

Bullish previously attempted to go public via a Special Purpose Acquisition Company (SPAC) in 2021, but the deal fell through the following year due to a stock market downturn caused by rising U.S. interest rates. Jefferies will serve as the lead underwriter for this IPO.

The company's IPO plan comes amid strong demand for crypto asset investments in the U.S., with the Trump administration promising to introduce a series of industry-friendly policies and reversing the Biden administration's crackdown on digital assets.

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<p>According to TechFlow, on June 11, the Financial Times reported that Bullish, a cryptocurrency exchange supported by former PayPal CEO Peter Thiel, has submitted a confidential initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC).</p>
<p>Bullish previously attempted to go public via a Special Purpose Acquisition Company (SPAC) in 2021, but the deal fell through the following year due to a stock market downturn caused by rising U.S. interest rates. Jefferies will serve as the lead underwriter for this IPO.</p>
<p>The company's IPO plans come amid strong demand for crypto asset investments in the U.S., with the Trump administration having promised a series of industry-friendly policies and reversing the digital asset crackdown seen during the Biden administration.</p>
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Bullish, a crypto exchange supported by the former CEO of PayPal, submits IPO application

Bullish, a crypto exchange supported by the former CEO of PayPal, submits IPO application