Bullish, the parent company of cryptocurrency news organization CoinDesk, has filed to raise more than $600 million in an initial public offering.
Sam Bourgi of Cointelegraph writes, “The company intends to convert a portion of the IPO proceeds into US dollar–denominated stablecoins, according to the filing.
“Bullish operates a digital asset platform tailored to institutional clients and available in more than 50 jurisdictions, excluding the US. The company expanded into crypto media in November 2023 by acquiring CoinDesk from Digital Currency Group for $72.6 million.
“CoinDesk is the world’s second-largest crypto media outlet by readership, with Bullish’s F-1 filing reporting an average of 4.9 million unique monthly viewers in 2024.”
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