PANews reported on August 13th that digital asset trading platform Bullish raised $1.1 billion in its initial public offering, priced at $37 per share, higher than the previous range of $32 to $33. The IPO was oversubscribed by over 20 times, bringing its market capitalization to $5.4 billion. BlackRock and ARK Investment Management expressed interest in subscribing for a combined $200 million in shares. Bullish, led by former NYSE President Tom Farley, primarily serves institutional clients. Its largest shareholder is Block.one CEO Brendan Blumer, who holds a 30.1% stake. The company will be listed on the NYSE under the ticker symbol BLSH.