CoinDesk Owner Bullish Seeks to Raise Up to $629 Million in IPO

Bullish, a digital-asset exchange operator and owner of media outlet CoinDesk, is looking to raise as much as $629.3 million in its US initial public offering.

The Cayman Islands-based company plans to market 20.3 million shares for $28 to $31 each, according to a filing with the US Securities and Exchange Commission on Monday. At the top of that range, Bullish would have a market value of about $4.2 billion based on the outstanding shares listed in its filing.

More crypto companies have been choosing to go public through IPOs, blank-check mergers or reverse takeovers as the Trump administration ...