Crypto IPO Boom Returns! Bullish Files for IPO, Vaulta Soars 18%!

TradingKey – Crypto exchange Bullish has filed for an IPO, sending Vaulta surging over 18%.

On Wednesday, June 11, Vaulta (formerly EOS) saw a sharp price increase of 18%, climbing from a low of $0.58 to a peak of $0.69, before settling at $0.64.

Vaulta Price Chart – Source: CoinMarketCap.

According to the Financial Times, Bullish, a crypto exchange under Block.one, has submitted confidential IPO filings to the U.S. SEC. This announcement triggered an immediate price spike for Vaulta.

EOS Network, once a highly sought-after blockchain project that raised over $4 billion in 2017, underwent a brand transformation in March. The EOS Network Foundation rebranded the project to Vaulta (A), shifting its focus to Web3 banking. While Vaulta is not directly linked to Bullish, both are products of Block.one, and Bullish’s IPO could help promote Vaulta and provide additional resources.

Similar to Circle, the first stablecoin company to go public, Bullish previously attempted an IPO but failed. However, with the Trump administration’s favorable stance on crypto and Circle’s successful listing, market conditions now appear more supportive for Bullish’s IPO.