A first public offer (IPO) has been submitted in the United States by Bullish, a Cryptocurrency exchange controlled by Bullish Global. With the help of the ticker symbol “BLSH”, the Cayman island-based company intends to list its usual shares at NYSE.
Q1 2025 loss despite strong 2024 performance
According to a registration declaration submitted with the US Securities and Exchange Commission (SEC) on Friday, the actual number of shares to be sold and the price range is still unknown. Nevertheless, the insurers have been allowed a 30-day alternative of the exchange to acquire additional shares.
The net profit for the financial year 2024 was about $ 80 million, according to Hausse. Nevertheless, the company’s wealth took a sharp turn for the worst during the first quarter of 2025. Publishing a net loss of $ 349 million, in sharp contrast to $ 104.8 million net gains recorded during the same period 2024. This setback occurred despite the excellent full -year performance.
In addition, the exchange claims ownership of more than $ 1.9 billion in digital assets. Including bitcoin, stablecoins, cash and others. Hong Kong, Singapore, Cayman Islands, the UK, Germany and Gibraltar are just some of the countries where Hausse companies are active.
According to the archiving, the exchange of the exchange relies strongly on technology, cyber security, custody and technical services provided by their Hong Kong companies. Cryptocurrency -trading is made possible by the Bullish HK Markets Limited, which has the necessary legislative permits in Hong Kong.
A US initial public offer (IPO) has been officially registered with Sec by Hausse. This is according to last month’s Financial Times Report. According to the article, the offer’s main insurer is the US finance company Jefferies.
Marked crypto news today:
