Bullish Global Plans IPO in 2025 Amid Crypto Surge

Bullish Global, a cryptocurrency exchange backed by billionaire Peter Thiel, is considering an initial public offering (IPO) as soon as 2025, collaborating with Jefferies Financial Group on the potential listing. This move comes amid a resurgence in the cryptocurrency market, with total market value growing significantly since the U.S. elections in November. The company, which manages roughly $10 billion in digital assets, previously aimed for a public listing via a SPAC in 2021, but postponed those plans. With the expectation of a pro-crypto agenda under President Donald Trump, the IPO discussions reflect a shift in market conditions and regulatory clarity. Bullish's growth strategy includes recent acquisitions, such as CoinDesk, and expanding operations across multiple jurisdictions. An IPO could position Bullish among a growing list of crypto companies seeking to publicly trade.