Ah, the crypto exchange, that shimmering mirage in the desert of finance, now backed by the illustrious Peter Thiel, has taken the audacious step of filing for a US initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). One can only wonder if this is a stroke of genius or merely a whimsical dalliance with the stock market.
According to whispers from the Financial Times, which are as reliable as a cat’s promise to catch a mouse, Bullish has confidentially submitted the necessary paperwork to begin offering its shares to the public. How delightfully clandestine! 🕵️♂️
These confidential filings allow companies to pursue their lofty ambitions without the pesky burden of immediate financial transparency. After all, who wants the public peering into their financial knickerbockers? Bullish, in a previous life, attempted to go public in 2021 via a special purpose acquisition vehicle, but alas, the deal crumbled like a poorly baked soufflé as rising interest rates wreaked havoc on the stock markets.
Now, with the fervor of a moth drawn to a flame, the company seeks to become a publicly-traded entity amidst a veritable gold rush for crypto assets, spurred on by the US’s newfound affection for industry-friendly policies under the Trump administration. One mustn’t forget that Thiel generously contributed to the president’s first election campaign in 2015 and 2016—how charmingly political! 🎩
The report further reveals that the esteemed global investment banking firm Jefferies will don the hat of lead underwriter for this grand spectacle. One can only hope they have a sturdy umbrella for the inevitable rain of scrutiny.
In a delightful twist of fate, the stablecoin issuer Circle has also graced the stock market, raising a staggering $1.1 billion in its IPO last week. The company’s stock soared by an astonishing 168.48% from the IPO price of $31.00 per share on its inaugural day of trading on the New York Stock Exchange (NYSE). Truly, a tale of triumph worthy of a standing ovation! 🎉
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2025-06-12 22:02