Cryptocurrency exchange Bullish has filed for an initial public offering (IPO) in the United States, seeking to capitalize on increasing investor interest in digital assets during the Trump administration, according to the Financial Times.
The company has submitted confidential paperwork to the Securities and Exchange Commission, allowing it to advance its listing plans while delaying the public disclosure of its financials.
Bullish previously attempted to go public through a special purpose acquisition vehicle in 2021, but the deal collapsed amid declining stock markets. Jefferies will serve as the lead underwriter for the upcoming IPO.
The move comes as the American crypto market experiences a resurgence, with bitcoin prices surpassing $100,000 and other crypto firms, such as Circle Internet, achieving significant IPO success.
Bullish positions itself as a blockchain-based exchange with a focus on providing superior market depth and tight spreads, led by CEO Tom Farley, a former president of the NYSE Group.