Cryptocurrency exchange Bullish is targeting a valuation of up to $4.32 billion in its upcoming initial public offering in the U.S., the company disclosed on Monday.

Disclosure: 82% of retail CFD accounts lose money

Details Of The IPO

Bullish, backed by billionaire investor and entrepreneur Peter Thiel, is seeking to raise up to $629.3 million by offering 20.3 million shares priced between $28 and $31 each. The company applied to list the shares on the New York Stock Exchange under the ticker “BLSH.”

“We have granted the underwriters an option for a period of 30 days from the date of this prospectus to purchase up to 3,045,000 additional Ordinary Shares, at the initial public…

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