PANews reported on July 19 that Bullish, a digital asset exchange operator backed by billionaire Peter Thiel, has applied for an initial public offering (IPO), according to Bloomberg. According to documents filed with the U.S. Securities and Exchange Commission on Friday, the company is headquartered in the Cayman Islands and had digital asset sales of $80 million in the first quarter, with a net loss of approximately $349 million, while sales in the same period last year were roughly the same, with a net profit of $105 million.