Bullish, the Peter Thiel-backed crypto exchange, has increased its IPO target from $629 million to nearly $990 million, selling 30 million shares at $32–$33 each, up from 20.3 million at $28–$31. This values the company at about $4.8 billion, above its previous $4.2 billion goal. Institutional heavyweights BlackRock and ARK Investment Management have committed $200 million at the IPO price. The offering, led by J.P. Morgan, Jefferies, and Citigroup, will list on the NYSE under the ticker BLSH. The upsized IPO signals robust institutional demand and growing confidence in crypto-related public offerings amid renewed optimism in digital asset markets.