Trump policies have spurred a wave of cryptocurrency IPOs! Bullish (BLSH.US) has increased its IPO pricing and scale, aiming for a valuation of $4.8 billion.

The cryptocurrency exchange Bullish has significantly increased the size and pricing range of its IPO, raising the potential fundraising amount from about $629 million to $990 million, reflecting cryptocurrency-related companies' efforts to capitalize on investors' heightened interest. According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, the owner of the digital asset exchange operator and media CoinDesk currently plans to issue 30 million shares at a price of $32 to $33 per share. Previously, the company planned to issue 20.3 million shares at a pricing range of $28 to $31 per share. Based on the latest pricing range, the market value of Bullish will reach approximately $4.8 billion, compared to the previous valuation of around $4.2 billion. With the Trump administration's acceptance of the cryptocurrency industry, more and more cryptocurrency companies are choosing to go public through IPOs, SPAC mergers, or reverse acquisitions. Since stablecoin issuer Circle Internet Group Inc. completed a $1.2 billion IPO in June and experienced a significant stock price increase, the number of cryptocurrency companies applying for listing has significantly increased. Bullish had announced plans in 2021 to go public through a merger with a Special Purpose Acquisition Company (SPAC) with a valuation of around $9 billion for the merged entity, but this merger was terminated in 2022. This IPO is led by JPMorgan, Jefferies Financial Group, and Citigroup. The company plans to list on the New York Stock Exchange with the stock ticker symbol BLSH.