The encryption trading platform Bullish (BLSH) has opened for new stock subscription.

BlockBeats news, on August 7th, Futu opened the subscription for new shares of Bullish (BLSH), a cryptocurrency trading platform under Block.one (now Vaulta), with an expected subscription deadline of August 12, 2025, at 19:00. The issuance range for Bullish is between $28 and $31, issuing 20.3 million shares, with a maximum fundraising of $629 million. Based on the highest issue price, Bullish's valuation will reach $4.2 billion. It is expected to be listed on the New York Stock Exchange on August 13, 2025. Funds managed by BlackRock and ARK Investment Management have expressed interest in subscribing for common shares worth up to $200 million at the IPO price. The company operates a digital asset trading platform and owns the well-known cryptocurrency media CoinDesk. Bullish's digital asset sales for 2022, 2023, and 2024 were $72.89 billion, $116.49 billion, and $250.2 billion, respectively; net profits were -$4.246 billion, $1.3 billion, and $79.56 million. Bullish's digital asset sales for Q1 2025 were $80.236 billion, compared to $80.4 billion in the same period last year; the net loss was $348 million, while the net profit for the same period last year was $105 million.