CoinDesk owner Bullish eyes $4.2B valuation in IPO backed by BlackRock, ARK

The digital exchange operator and media company is eyeing an initial public offering of between $28 and $31 per share, regulatory filings show.

Cryptocurrency exchange operator and media company Bullish plans to raise between $568 million and $629 million in a US initial public offering (IPO), having already drawn interest from major institutional investors.

Just weeks after its initial IPO submission, Bullish submitted an updated F-1 document with the US Securities and Exchange Commission (SEC), outlining plans to issue 20.3 million shares, potentially valuing the company at up to $4.2 billion.

If the IPO is approved, Bullish shares could begin trading as early as Aug. 12.

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