<ul><li>Thiel-backed exchange Bullish has submitted confidential IPO documents to the U.S. Securities and Exchange Commission, according to the Financial Times.</li><li>Jefferies is expected to lead Bullish's IPO process as the lead underwriter, although the timeline for the IPO is currently undisclosed.</li><li>The confidential filing allows Bullish to gauge investor interest while keeping its financial metrics private.</li><li>Bullish, a regulated exchange with tier-1 licenses globally, aims to solidify its position in the public markets amidst institutional interest in crypto platforms.</li></ul>

Thiel-Backed Exchange Moves Toward Public Listing

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