Bullish Global Exchange Eyeing Public Listing Via IPO: Report

Crypto asset exchange operator Bullish Global is mulling plans to go on the US stock market list through the Initial Public Offering (IPO) route. Though no official information has been released concerning the IPO, Bloomberg reported that the Peter Thiel-backed firm may advance this push this year. Bullish Global IPO Is Not a Surprise According to the Bloomberg report , citing people familiar with the IPO , Bullish Global allegedly works with Jefferies Financial Group Inc. on the potential listing. Before this time, Bullish Global has been considering going public. Almost four years ago, it announced its intention to go public through a Special-Purpose Acquisition Company (SPAC). Despite the lofty plans, the firm soon broke from this move. According to the same sources, which requested to be anonymous due to the confidentiality of information, there are ongoing deliberations on the matter. However, they also clarified that details of the offering could change, which may include adding more banks to the existing lineup. Bullish Global made the news last year when it acquired the crypto media site Coindesk. Despite the claims of editorial independence, the platform has had to deal with management and editorial conflicts of interest. Bullish IPO and Top Crypto Candidates Beyond the Bullish IPO plans, many organizations are gradually moving towards going public. Popular stablecoin issuer Circle Internet Financial is still mulling the possibility of going public in the United States. Meanwhile, another Peter Thiel-backed firm, Bitpanda, has its sights set on public listing. In the case of Bitpanda, it has collaborated with Citigroup Inc. and JPMorgan Chase & Co. to advise it on its next step. The crypto industry is advancing, with companies recording impressive earnings amid the turn of the bull run. According to Galaxy Research, at least four companies are on track to go public this year. Besides Circle, it named Fireblocks, Chainalysis, and Kraken the likely candidates to go public. Meanwhile, stablecoin issuer Tether Holdings’ CEO Paolo Ardoino has revealed, against broad industry clamor, that there are no IPO plans . Should the Galaxy IPO come true, these firms will join Coinbase, MARA Holdings, and other crypto-native firms in the stock market. Favorable Crypto Policies To Help Noteworthy, President Donald Trump’s pro-crypto stance may have revived the US companies’ faith toward going public. It is worth noting that Thiel was one of those who supported the Republican politician around the time of his campaign. With the spotlight on the industry, regulatory shifts may also favor the service providers to go public. Bullish Global and Circle, with failed SPAC moves, may finally gain the IPO pathway to going public. The post Bullish Global Exchange Eyeing Public Listing Via IPO: Report appeared first on CoinGape .