Peter Thiel-Backed Bullish Files for US IPO to Capitalize on Crypto Market Upswing

via-https://cryptonews.com/news/bullish-us-ipo-peter-thiel-backed-exchange-seeks-to-capitalize-crypto-market-upswing/

Bullish, the crypto exchange backed by billionaire investor Peter Thiel, has confidentially filed for a US initial public offering, aiming to capitalize on growing investor appetite for digital assets in an increasingly favorable political climate.

The Financial Times reported Wednesday that the company recently submitted paperwork to the Securities and Exchange Commission.

By using the confidential filing route, Bullish can move ahead with its IPO preparations without immediately disclosing its financial details, a strategy that has become popular among high-profile startups testing market waters.