“The Company Plans to Sell 30 Million Shares at A PRICE OF $ 32 TO $ 33 A Share Versus The Previous Range of $ 28 to $ 31.”, – WRITE: www.coindesk.com
Coindesk is a subsidiary of Bullish.
Access to a filing with the Securities and Exchange Commission on Monday, Bullish Is Aiming to Sell 30 Million Shares at A Price of $ 32 To $ 33 Each, OR $ 990 Billion and AA.
In a previous filing on aug. 4, The Company Had Planned To Market 20.3 Million Shares at $ 28 to $ 31 Each, or About $ 629 Million and A $ 4.2 Billion Valuation at the Top of the Range.
Bullish is One of Many Crypto Companies Hoping to Take Advantage of A Booming Ipo Market in the Space As The Industry is Starting to Profit from Sharply Higher Prices of Late for Leading Cryptocurrencies Like Bitcoin and Ether.
Stablecoin Issuer Circle (CRCL) Was Among First to Go Public In June and Has Seen Its Share PRICE SKYROCKET 93% SINCE.
In an earlier filing with the Sec, Bullish Disclosyd that Funds Managed by Blackrock and Ark Investment Management Expressed Interest to Buy $ 200 Million Worth of Shares of the Companya.
The company, which would trade under the ticker “blush” also disclosed that it had posted a net income entimate of $ 106 Million to the Second Quarter Reporting Losses Quarter of 2024.
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The Broker Has An Outperform Rating on Coinbase Shares with A $ 510 Price Target.
- Ether’s Price Has Jumped 80% Since June 5, Fueled by Circle’s Listing and Stablecoin Minting on the Ethereum Network.
- Coinbase Earns Eth-Based Revenue from Its Layer 2 Chain, Base, and Staking, Benefiting from Ethereum’s Growth, The Report Said.
- BersTein SAID Ether’s OutperFornce Signals An Altcoin Rally with Coinbase Positioned to Gain from Rising Eth and Related Tokens.
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