Bullish Exchange Files to Go Public in the United States

Main notes

• Bullish Exchange applied a public offering in the United States, with the goal of the NYSE menu under the Ticker Blsh icon.
• The stock exchange recorded $ 80 million of net income for 2024, which reflects a strong performance amid the recovery of the encryption market.
• Bullish operates through licensed subsidiaries in six regions, with Hong Kong services, technology, nursery and trade.

Bullish, an exchange of digital assets based in the Kayman Islands, has applied to the public in the United States. The company is seeking a list of the New York Stock Exchange under the Ticker Blsh icon. This will represent the first major step towards becoming a company publicly circulating.

Al -Soudia moves towards the NYSE list after the SEC file

Leader of the Saudi encoded currency exchange I presented her registration To the American Securities and Stock Exchange Committee while facilitating the launch of a preliminary general offer.

The company, owned by Bullish Global, wants to list its regular shares on the New York Stock Exchange. The public deposit was provided on Friday through the F-1 model, but no details such as the number of shares and the expected price range were not included.

According to the update, the company gave guarantees a 30 -day window to buy additional shares if necessary. Jefferies, an American investment bank, was named as a major author of the offer.

Bullish reported strong financial results last year, with a net income of about 80 million dollars in 2024. However, in 2025 he started a weaker note. In the first quarter, the company recorded a net loss of $ 349 million. This represents a significant decrease in the profit of $ 104.8 million, which I informed in the same quarter of the previous year.

Despite the loss, Bullish has more than $ 1.9 billion of liquid assets. This includes money, bitcoin, stablecoins, and other digital currencies. The company states that it is still in a strong financial position as it progresses with the public subscription.

It should be noted that this is not Bolsh’s first attempt for the public. I tried to follow the SPAC deal in 2021, but the plan fell due to the difficult market conditions and high interest rates.

Al -Soudi works in six countries with the approaching public subscription

It should be noted that while the public subscription focuses on the United States, Bullish has a wide international presence. It works through Hong Kong, Singapore, the United Kingdom, Germany, Jabal Tariq, and its base in the Kayman Islands.

Hong Kong’s unit in Hong Kong plays a major role. It carries licenses that enable it to circulate digital assets under local law. It also deals with cybersecurity, custody and engineering services of the group.

Bullish public subscription comes amid the increasing activity in the encryption market. Other companies, such as Gemini and Ripple Labs, are looking for general lists. Coinspeaker reported that Circle, a USDC source, is finally listed on the New York Stock Exchange after providing a successful public subscription.

Meanwhile, Coinspeaker recently reported that the United States government has passed the genius law, a new law aimed at providing more clear bases to the coded currency area. This can pave the way for more companies like Bullish to enter the public market.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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