Supported by Peter Thiel, Bullish hopes for a US IPO valuation of up to $4.2 billion. Skip to main content

Israeli fire in Gaza killed Reuters journalist Hussam al-Masri.

As he lived in a tent and battled to provide for his family, Hussam al-Masri, a Reuters journalist killed by Israeli fire on Monday while running a live video feed at Gaza's Nasser Hospital, covered the suffering of civilians during the conflict. According to journalist colleagues, Masri, 49, was a seasoned cameraman who was well-liked by Gaza's close-knit community of reporters because of his upbeat demeanor in the most perilous circumstances. In the months before his death, he would say, "Tomorrow will be better," despite the fact that the Palestinian enclave was becoming increasingly desolate and hungry. That was the conclusion of his final discussion with Mohamed Salem, a senior Reuters visuals journalist who had collaborated with Masri in Rafah, in southern Gaza, last year and had known him since 2003. Salem, who left Gaza later in 2024 but stayed in daily contact with Masri until Monday morning, said he was a pleasure to work with because of his smiles and o...

Supported by Peter Thiel, Bullish hopes for a US IPO valuation of up to $4.2 billion.



Exchange of cryptocurrency The company launched its roadshow to take advantage of the momentum created by digital assets in the face of regulatory clarity, and Bullish stated in a filing on Monday that it is aiming for a valuation of up to $4.23 billion in its US listing.
Businesses that use cryptocurrency and associated technologies have embraced the Donald Trump administration's pro-crypto policies, like the GENIUS Act, which was recently passed and offers a preliminary stablecoin regulatory framework.
With the help of one or more issuers of such tokens, Bullish, which is supported by billionaire Peter Thiel, intends to convert a sizeable amount of the IPO proceeds to stablecoins denominated in US dollars, the filing stated.
Circle Internet, a significant stablecoin issuer, made a spectacular NYSE debut in June and is now trading at over 400% of its initial public offering price.
Bullish is making its second attempt to go public in four years, offering 20.3 million shares at prices ranging from $28 to $31 each in an attempt to raise up to $629.3 million.
The company will list at the top of its suggested range on a more than 52% discount to its $9-billion valuation target in a 2021 blank check merger that it canceled in 2022 due to regulatory obstacles.
Bullish is a crypto-trading exchange that targets institutions and is regulated in the United States, Germany, Hong Kong, and Gibraltar. Its CEO, Thomas Farley, was the president of the New York Stock Exchange before joining the company.
Additionally, it runs CoinDesk, a cryptocurrency news website that it purchased in 2023 from Barry Silbert's Digital Currency Group.
The company intends to list on the NYSE under the symbol "BLSH," and its primary underwriters are J.P. Morgan, Jefferies, and Citigroup.


SOURCE: NEWS AGENCY

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