Techub News reports that, according to Bloomberg, the digital asset trading platform Bullish raised $1.1 billion through its initial public offering (IPO) at a price of $37 per share. The IPO was oversubscribed by more than 20 times, with a market value of $5.4 billion. BlackRock and ARK Investment Management intend to collectively subscribe to $200 million in shares. Bullish is led by CEO Tom Farley, former NYSE president, primarily serving institutional clients, with Block.one CEO Brendan Blumer (holding 30.1% of shares) as the largest shareholder. The company will be listed on the NYSE under the ticker BLSH.
Bullish raises $1.1 billion in IPO, oversubscribed 20 times
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