Digital asset trading platform Bullish (BLSH.US) applies for listing in the United States, planning to raise $100 million.

Cryptocurrency exchange operator Bullish (BLSH.US) submitted an application to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise up to $100 million through an initial public offering (IPO). Bullish is a global digital asset platform aimed at institutional investors, committed to providing market infrastructure and Information Services Group, Inc. The company owns the two major brands "Bullish" and "CoinDesk", offering a range of differentiated and complementary services in the digital asset industry including trading and liquidity infrastructure under the Bullish Exchange brand, and Information Services Group, Inc. under the CoinDesk brand (covering indexes, data, and in-depth analysis). As of March 31, 2025, the Bullish Exchange platform has accumulated trading volume exceeding $1.25 trillion. Established in 2020 and registered in the Cayman Islands, the company plans to list on the New York Stock Exchange under the ticker symbol "BLSH". Bullish had previously submitted a confidential IPO application on August 30, 2024. The IPO is being led by J.P. Morgan, Jefferies Financial Group Inc., Citigroup, Cantor Fitzgerald, Deutsche Bank Aktiengesellschaft, and French Industrial Bank as joint lead underwriters, and specific terms of the offer have not been disclosed yet.