(Reuters) -Peter Thiel-backed crypto alternate Bullish has confidentially filed for an IPO with the U.S. Securities and Alternate Fee in current weeks, the Monetary Occasions reported on Tuesday.
A unit of blockchain software program firm Block.one, Bullish had tried to go public by way of a particular objective acquisition firm deal in 2021 however that fell by way of in 2022 amid a regulatory crackdown and a sudden rise in rates of interest that rattled the equities market.
The Trump administration, in distinction to predecessor Joe Biden’s, has taken a softer stance on crypto regulation and backed the trade’s coverage priorities, with the SEC dropping a number of investigations.
Bullish is in search of to capitalise on renewed investor curiosity in digital property underneath the present administration, the FT mentioned.
Bullish didn’t instantly reply to a Reuters request for remark. Reuters couldn’t instantly confirm the FT report.
The corporate’s reported submitting follows that of Gemini’s, a crypto alternate run by billionaire twins Tyler and Cameron Winklevoss, which final week disclosed it had confidentially filed for a U.S. preliminary public providing.
(Reporting by Devika Nair in Bengaluru; Enhancing by Nivedita Bhattacharjee)
