CoinDesk's parent company Bullish is suspected to face financial challenges as it explores IPO listing

Odaily Planet Daily News: CoinDesk's parent company Bullish has secretly submitted an initial public offering (IPO) application to US regulators recently. If everything goes smoothly, it plans to list on the New York Stock Exchange (NYSE) with the stock code "BLSH". However, disclosure documents show that the company is suspected of facing financial adjustments, reporting a net loss of $348.6 million for the three months ending March 31, 2025, in sharp contrast to the profit of $104.8 million in the same period last year. Nevertheless, the leadership of the exchange remains optimistic, emphasizing its mission to promote the adoption of stablecoins, digital assets, and blockchain technology. Since its establishment, the total trading volume of the exchange has reached $1.25 trillion, with an average daily trading volume of $2.5 billion in the first quarter of 2025 alone. （Crowdfundinsider）