03:41
The encryption trading platform Bullish (BLSH) has opened for new stock subscription.
Futu has opened the subscription for new shares on the encryption trading platform Bullish, which is expected to close on August 12, 2025, with an issuance of 20.3 million shares, raising a maximum of $629 million, and achieving a valuation of $4.2 billion. BlackRock and the ARK investment management fund intend to subscribe for $200 million worth of shares. Bullish's sales of digital assets are projected to rise between 2022 and 2024, with a net loss of $348 million in Q1 2025.