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Investing.com -- Bullish’s initial public offering will stop taking orders at 4 p.m. New York time Monday ahead of pricing late Tuesday, according to a report from Bloomberg, citing people familiar with the matter.
The digital assets exchange and CoinDesk owner’s offering has attracted demand for multiple times the available shares, even after a substantial increase in the size of the offering earlier Monday. The IPO is seeing sizable mutual fund and long-only demand, the people said, asking not to be identified as the information is private.
A representative for Bullish didn’t immediately respond to a request for comment.
Earlier Monday, Bullish increased the offering to 30 million shares at $32 to $33 each, according to a filing with the US Securities and Exchange Commission. This represents an increase from the previously planned 20.3 million shares at $28 to $31 apiece.
Funds and accounts managed by BlackRock Inc (NYSE:BLK). and Ark Investment Management LLC have separately indicated an interest in buying as much as $200 million worth of shares in aggregate in the offering, according to the filing.
Shares are expected to begin trading Wednesday on the New York Stock Exchange under the symbol BLSH.
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