Peter Thiel-Backed Crypto Exchange Bullish Files for IPO (1)

Bullish, a digital-asset exchange operator whose backers have included billionaire Peter Thiel, filed for an initial public offering in the latest push onto public markets by cryptocurrency companies.

The company, based in the Cayman Islands, had a net loss of about $349 million on digital-asset sales of $80 million in the first quarter, compared with net income $105 million on roughly the same sales a year earlier, according to its filing Friday with the US Securities and Exchange Commission.

The filing sees Bullish joining a growing number of crypto companies pursuing public listings this year, either through conventional ...