#BullishIPO Crypto Exchange Bullish has presented an IPO of $ 629 million with a valuation of $ 4.2 billion. This has sparked the interest of Blackrock and Ark, who may purchase shares worth $ 200 million.

Bullish cryptocurrency exchange, backed by billionaire investor Peter Thiel, has officially entered the IPO arena with the filing of its F-1 registration with the U.S. Securities and Exchange Commission (SEC).

The company plans to offer 20.3 million ordinary shares at a price range of $ 28 to $ 31, potentially raising up to $ 629 million.

If fully subscribed, the IPO could value the company between $ 3.8 billion and $ 4.2 billion.

The filing follows a previously confidential filing in June, a common route that allows companies to quietly prepare for the listing while keeping key finances secret until the final stages.