So, Bullish, this digital asset exchange that’s got billionaire Peter Thiel’s name on it, has decided to file some top-secret paperwork with the SEC for an IPO. I mean, who doesn’t love a little mystery, right? 🤔
And guess what? Jefferies, the American investment bank, is the lead underwriter. Sounds fancy, doesn’t it? But Bullish hasn’t even bothered to make a public statement about their grand plans. Classic! 🙄
Now, they’re trying to ride the wave of crypto companies that are suddenly feeling all warm and fuzzy thanks to a little thing called renewed investor enthusiasm. And let’s not forget the friendlier regulatory vibes under President Trump. It’s like a crypto party, and everyone’s invited! 🎉
Remember when they tried to go public via a SPAC deal in 2021? Yeah, that went about as well as a lead balloon. Markets soured, interest rates rose, and poof! There went their dreams. Talk about a plot twist! 😅
Crypto IPO successes inspire Bullish
But wait! Recent crypto IPOs are making Bullish feel like they can actually do this. Circle, the USDC stablecoin issuer, just raised $1.1 billion in its debut. That’s a 167% gain on the first day! I mean, who wouldn’t want a piece of that action? 💰
And then there’s Gemini, founded by the Winklevoss twins. They filed for a US listing too. You know, the guys who supported Trump’s reelection. It’s like a crypto family reunion! 🤷♂️
Oh, and eToro just debuted on Nasdaq under the ticker ETOR. They had Goldman Sachs holding their hand through the process. Must be nice to have friends in high places! 😏
Leading the charge at Bullish is CEO Tom Farley, a former NYSE Group president. And let’s not forget Thiel, who’s been a Bitcoin cheerleader since day one. He even donated to Trump’s 2016 campaign. What a small world! 🌍
Crypto listings outpace IPOs
Despite all this IPO excitement, crypto listings are still outpacing traditional stock exchanges. Shocking, I know! 📈
According to a CoinMarketCap report, the average ROI for tokens listed on major crypto exchanges over the last 180 days is over 80%. That’s better than the Nasdaq and Dow Jones! Who knew? 🤯
And get this: 68% of crypto listings delivered positive ROI, while the NYSE and Nasdaq are lagging behind at 54% and 51%, respectively. It’s like watching a race where the crypto horses are just galloping ahead! 🏇
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2025-06-11 10:09