PANews reported on August 4th that digital asset exchange Bullish and its subsidiary crypto media outlet CoinDesk have filed for an IPO with the U.S. Securities and Exchange Commission (SEC). The exchange plans to offer 20.3 million shares at a price range of $28 to $31 per share, raising a maximum of $629 million and valuing the company at approximately $4.2 billion. Bullish primarily trades spot, leveraged, and derivatives products, and provides liquidity services to stablecoin issuers. The company's digital asset sales in the first quarter of 2025 were $80.2 million, with a net loss of $349 million. In 2023, Bullish will acquire CoinDesk for $72.6 million.