6 days ago
Bullish IPO Mints Two Billionaires at Thiel-Backed Crypto Firm
Six years after raising $4.2 billion in the most lucrative sale of crypto tokens to date, digital currency entrepreneurs Brendan Blumer and Kokuei Yuan are back for another public offering.
The two own a combined majority stake in Peter Thiel-backed crypto exchange Bullish, which raised $1.1 billion at a $5.4 billion valuation in an IPO on Wednesday, bringing their holdings to more than $3 billion each. The company saw its shares more than double from the $37 offering price to $83.83 at 2:43 p.m. in New York.
