Thiel-Backed Crypto Startup Bullish Files for US IPO, FT Says.

Cryptocurrency exchanges; Going public (Securities); Executives; Bull markets; Mergers & acquisitions; United States. Securities & Exchange Commission; Venture capital companies; Financial markets

The article focuses on Bullish Global, a cryptoasset exchange backed by billionaire Peter Thiel, which has filed for a US initial public offering (IPO). The company submitted confidential documents to the Securities and Exchange Commission, indicating its intent to go public amid a trend of similar moves within the crypto sector. Led by CEO Tom Farley, Bullish employs over 275 people and operates in multiple locations, including the US and Hong Kong. In 2023, the company acquired the media outlet CoinDesk from Digital Currency Group. [Extracted from the article]

Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)