Crypto company, covertly backed by Peter Thiel, moves forward with U.S. Initial Public Offering (IPO) plans.
Let's dive into the Stealthy IPO Game of Bullish Global, Backed by Billionaire Peter Thiel
In a rush to match the buzz surrounding digital assets, Bullish Global - a crypto trading platform - has clandestinely thrown its hat into the Initial Public Offering (IPO) ring in the US, with none other than Peter Thiel backing it up. This comes amidst people eager to invest in cryptocurrencies, encouraged by President Donald Trump's administration eroding some of the strict crypto policies from the Biden era such as tough SEC accounting requirements.
Remember, this isn't Bullish's first rodeo. They initially tried to go public in 2021 but were forced to call it quits due to the unpredictable market dance. At the helm of Bullish is none other than Tom Farley, former exec from the New York Stock Exchange, who's transforming the crypto trading scene into a smooth, hassle-free, and enjoyable experience. Bullish's platform manages an impressive $10 billion in assets, and heavyweights like Peter Thiel and Richard Li are part of its influential investor panel. Jefferies, a reputable bank, is on board to transform Bullish from a private to public entity.
Since Donald Trump took office, cryptocurrencies like Bitcoin have been skyrocketing, with Bitcoin's price soaring past $100,000 and the total crypto market reaching a whopping $3.15 trillion. People are thrilled about these progressive policies under the Trump administration, which have opened the door for many new crypto businesses to flourish.
A recent example being Circle Internet, which successfully raised $1.1 billion in its public listing and saw its stock soar by an impressive 168% on its debut day. This bold move by Circle has sent positive vibes throughout the crypto industry, and other crypto firms are following suit by planning their public listings within short periods. Despite previously dismissing Bitcoin as a scam, Donald Trump is now seen supporting crypto. A successful public listing for Bullish could lure both institutional and retail investors alike.
Bonus INFO: Since there's always more to the story, it's worth mentioning that Bullish is preparing for an offering led by Jefferies, a bank renowned for its financial expertise. Bullish aims to establish itself as a leader in institutional crypto trading, offering a platform that is compliant, audited, and boasts a Tier-1 license. This could potentially trigger an influx of institutional investors into the crypto arena, intensifying competition among cryptocurrency exchanges, and pumping fresh blood into the crypto market.
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The stealthy IPO move by Bullish Global, a cryptocurrency trading platform, is backed by Peter Thiel, showcasing the impact of technology in the field of finance and investing. This strategy could attract both institutional and retail investors, as evidenced by the success of Circle Internet's public listing in the crypto market.
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