Cryptocurrency exchange Bullish has filed for an initial public offering (IPO) with the SEC, aiming to raise up to $629 million by offering 20,300,000 ordinary shares priced between $28 and $31. This marks Bullish's second attempt at an IPO, following a previous plan in 2021 that fell through due to market conditions. CEO Tom Farley stated that Bullish believes the digital assets industry is entering a new growth phase and emphasized the importance of transparency and compliance in their operations. The firm is expected to be valued between $3.8 billion and $4.2 billion post-offering. The exchange plans to trade on the New York Stock Exchange under the ticker ‘BLSH.’ This IPO comes amid a favorable regulatory environment, capitalizing on improved market sentiments since the Trump administration. Other prominent crypto exchanges have also indicated their intentions to pursue public offerings, following successful debuts like that of Circle and eToro.

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