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Cryptocurrency exchange Bullish has updated its stock price target ahead of its initial public offering, the company said in a regulatory filing on Monday. Here’s what you need to know about the changes to one of the most closely watched IPOs of the year. What’s happened? Bullish, a cryptocurrency exchange and owner of the CoinDesk crypto news site, has filed an amendment to its Form F-1 with the Securities and Exchange Commission (SEC). In that amendment, Bullish revealed that it is upping both the number of shares it will be offering in its IPO as well as increasing its estimated offering share price. The amendment was filed with the SEC on Monday. In the amendment, Bullish revealed that it now plans to offer 30 million ordinary shares of Bullish stock. Previously, Bullish said it expected to issue 20.3 million shares in its IPO. Bullish has also raised its expected IPO price. Now the company says it expects to price shares between $32 and $33 each. Previously, Bullish said its shares would be offered for $28 to $31 each. Bullish stock will trade under the ticker BLSH. IPO calendar websites and a number of media outlets have reported that Bullish is expected to list it shares tomorrow (Wednesday, August 13) on the New York Stock Exchange (NYSE). Fast Company reached out to Bullish for more details on the timeline. Why is Bullish increasing its share price and offering? In its amended Form F-1, Bullish didnt explicitly state the reason that it was increasing both its share price range and the total number of shares it is offering in its IPO. However, whenever a company that is going public raises its share price or the number of shares it has on offer, it suggests a higher demand for its stock than once thought. As Fast Company previously reported, Bullish originally planned a 20.3 million share offering of $28 to $31 each, which would have valued Bullish at approximately $4.2 billion. But as noted by CNBC, under its new offering, Bullish now stands to be valued at $4.8 billion. The company is expected to raise about $990 million from its IPO. Bullishs IPO will be closely watched How investors react to Bullishs IPO will be closely watched by Wall Street. If Bullish has a successful IPO and shares surge after trading begins, it will suggest a growing investor appetite for initial public offerings heading into the second half of the year. Other private cryptocurrency companies will also be watching the Bullish IPO closely. Already this year, the markets have seen a number of high-profile crypto and fintech IPOs. Circle Internet Group, an issuer of stablecoins, went public in June and shares (NYSE: CRCL) soared a staggering 750%. However, after eToro went public in May, its shares (Nasdaq: ETOR) briefly spiked, before falling back some. Currently, ETOR shares are up about 6.3% for the year. Investors will be hoping that BLSH shares behave more like CRCL than ETOR.
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E-Commerce
Helsinki just went a whole yearbetween July 2024 and July 2025without a single traffic death. Compare that to Washington, D.C., a city with roughly the same population of close to 700,000. In D.C., 52 people died in traffic in 2024, including a 12-year-old hit by a car in a crosswalk and a visiting doctoral student who was hit by a car while riding his bike. Helsinki wasnt always as safe: the 1980s, the city typically had around 1,000 injury-causing car crashes each year, and 20 to 30 fatalities. But the city has been working to make its streets safer for decades. Heres what worked. [Photo: George Pachantouris] Slashing speed limits On the majority of streets in Helsinki, the speed limit is now 30 kilometers per hour, or roughly 19 miles per hour. Thats down from 50 kilometers per hour (30 miles per hour) in the 1970s. In the early 2000s, the average speed limit dropped to 40 kilometers per hour (25 miles per hour). Since then, the city has continuously added 30-kilometers-per-hour zones, including a recent rollout near schools. Around 60% of city streets now have that speed limit. With lower speeds, any crashes that do happen are less severe. If someone is walking across the street and hit by a car driving 30 miles per hour, theyre as much as eight times more likely to die than if theyre hit at 20 miles per hour. The city also went farther and shrank car lanes so drivers would feel uncomfortable speeding. Reducing speed limits isnt always enough, says Roni Utriainen, traffic engineer at the city of Helsinkis Urban Environment Division. Most of its car lanes are now a little more than 11 feet wide; some are narrower. (In the U.S., lanes are typically at least 12 feet wide.) On some streets, trees are planted close to the edge of the road to help it appear even narrower. A Johns Hopkins study argues that shrinking American car lanes would also help reduce crashes. Automated traffic camerasand fairer fines Dozens of cameras throughout Helsinki catch speeders and send automated tickets. A study in 2023 at one enforcement site found that the cameras work well; the number of drivers that were excessively speeding dropped by more than half. In Finland, unsafe drivers are fined based on their income. If someones driving more than 20 kilometers (about 12 miles) per hour over the speed limit, their ticket will scale with their daily disposable income. In 2023, Anders Wiklöf, a multimillionaire, was fined 121,000 ($140,000) for driving 30 kilometers (about 18.5 miles) per hour above the speed limit. (A few jurisdictions in the U.S. tested similar income-based fines in the past, but found the system too complex and politically unpopular.) Enforcement of traffic laws is a key part of reducing fatal crashes. San Francisco has a Vision Zero goal, like Helsinki, aiming for zero traffic deaths. But while San Francisco’s goal, adopted in 2014, was to reach zero traffic deaths by 2024, fatalities actually grew in the city by more than 50%. A recent report found that lack of enforcement from the police was a key factor in the failure. [Photo: Jose Noel Marenco/Unsplash] Better bike infrastructure and public transit Around a third of commuters in Helsinki now use public transit, while 36% walk and 11% bike. That outcome wasn’t guaranteed. In the 1960s, as car ownership was quickly growing, the city considered an American-style plan of razing its downtown, taking out its streetcar system, and building 200-plus-miles of highways. Voters rejected the proposal, and public transit kept growing. The city continues to invest in public transit and recently added new tram lines. It’s also continuing to build new separated bike lanes, with a planned network from all major residential areas to the city center. “Some people don’t even need to own a car because there’s a good enough public transit system and they can walk or cycle,” says Utriainen. With fewer cars on the road, and carefully-considered infrastructure for people walking and biking, it’s safer, unsurprisingly, to walk or bike. Plus, having more pedestrians and cyclists on the road means that drivers know that they have to look out for them. [Photo: Julius Jansson/Unsplash] Continuous improvement Whenever a fatal crash happens in Finland, a team of experts investigates the incident, including traffic engineers. They look not only at what the driver and victim did, but how the environment contributed. If a particular intersection is unsafeand especially if it’s been the site of repeated accidentsthe city takes steps to redesign it. The city continues to face new challenges. The number of large SUVs is increasing, for example, and larger cars are more likely to cause serious injuries or kill someone in a crash. “That’s something we’ll need to look at in the future,” says Utriainen. Still, it’s clear that the overall approach is working. In 2019, Helsinki had no traffic deaths for pedestrians or cyclists; this past year was the first with no traffic deaths at all, including people in cars. And for American cities that are struggling to reach Vision Zero goals, it offers evidence that things can change.
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E-Commerce
Over the past few years, the corporate world has been reshaped by a quiet revolution: the rise of “unbossing.” Companies like Dell, Amazon, Microsoft, and Google have aggressively flattened their organizational structures, stripping away layers of middle management to boost agility and efficiency. According to Gartner, by 2026, 20% of organizations will leverage AI to eliminate more than half of their current middle management roles, fundamentally reshaping their hierarchies. A 2025 Korn Ferry Workforce survey underscores this shift, with 41% of employees reporting that their companies have already reduced managerial layers. As Dario Amodei, CEO of Anthropic, has warned, AI could lead to a “white-collar massacre” if companies fail to adapt thoughtfully. And indeed, AI does present an unprecedented opportunity to deliver efficiency gains by automating many traditional middle management functionsfrom coordination and scheduling to data analysis and performance monitoring. Companies that fail to capture these efficiencies risk becoming bloated and uncompetitive in an increasingly lean marketplace. Yet rushing to gut the middle management layer without careful consideration is equally dangerous. As I explored in a previous article, overzealous workforce reductions can lead to devastating losses of institutional knowledge and the elimination of crucial career development pathways. The challenge isnt whether to use AI to streamline managementits how to do so intelligently. Reframing the Role of Middle Management To navigate this transformation effectively, companies must shift their perspective from simply eliminating managerial layers to strategically reimagining their purpose. Middle managers have long served as the backbone of organizations, coordinating teams, overseeing operations, and ensuring accountability. Many of these tasksscheduling, data analysis, approvals, and auditsare precisely where AI either already excels or will excel once agentic AI is fully implemented. These systems can automate repetitive processes, monitor performance in real time, and provide data-driven insights with a speed and accuracy that humans simply cannot match. This presents a clear opportunity for efficiency gains. By offloading these routine functions to AI, organizations can reduce costs and accelerate decision-making. However, this automation doesnt eliminate the need for human managementit transforms it. Notably, the evolved middle management role will increasingly blur traditional boundaries with HR functions, as managers become more deeply involved in talent development, cultural transformation, and employee well-being. Three key functions will define the future of middle management: Orchestrators of AI-Human Collaboration: As AI agents become integral to business operations, managers will need to master the art of orchestrating hybrid teams. This involves not only understanding how AI tools function but also knowing how to integrate them seamlessly with human efforts. For example, a manager might use AI to analyze project data and identify bottlenecks, then work with their team to devise the kind of creative solutions that AI cannot generate on its own. This shift requires technical fluency and a strategic mindset to ensure that AI enhances, rather than overshadows, human contributions. Agents of Change: AI is a disruptive force, upending traditional business models and workflows at an unprecedented pace. Middle managers must become change agents, guiding their organizations through this transformation. This means anticipating disruptions, redesigning processes to incorporate AI, and fostering a culture of adaptability and resilience that motivates their teams to embrace change rather than fear it. Coaches for a New Era: The rapid integration of AI is reshaping the skills employees need to succeed. Middle managers will play a pivotal role as coaches, helping their teams navigate this new reality and access the resources they need. This will involve mentoring employees through the reskilling process, whether that involves learning how to use AI tools or developing soft skills like critical thinking and emotional intelligence. In a world in which job roles are constantly evolving, this coaching function will be essential for maintaining morale and productivity. A Strategic Road Map for Transformation To successfully integrate AI while redefining middle management, companies must take deliberate, strategic actions. Here are four key steps to guide this process: 1. Reskill Middle Managers for an AI-Driven World: Companies must equip managers with the tools they need to thrive in an AI-augmented workplace. This includes training in AI literacy, change management, and collaborative leadership. For example, programs could teach managers how to use AI-powered analytics to make data-driven decisions or how to lead hybrid teams effectively. First Step: AI Workflow Analysis. Tomorrow, pick one recurring managerial tasksuch as status reportingand break it into sub-steps, tagging each as Automate, Augment, or Human-Only. Capture a before/after flow, choose one AI tool to test, and run a one-week experiment based on that redesign. 2. Foster AI Literacy Across the Organization: AI is not just a tool for tech teamsits a transformative force that affects every function, from marketing to HR to operations. To maximize its impact, companies must ensure that employees understand how to leverage AI in their daily work. This could involve workshops on using AI tools for tasks like data analysis or customer engagement, as well as broader education about the strategic implications of AI. First Step: Create an AI Use Log. Create a shared document with three columnsTask, Tool/Prompt, Result/Riskand ask each team member to add one real-world example by end of day. By tomorrow night youll have a living inventory of use cases that can serve as a start-point for an AI literacy program. 3. Redefine Hiring and Promotion Criteria: Traditional metrics for managerial success, such as years of experience or the size of a managers team, are becoming outdated. Instead, companies should prioritize skills like adaptability, AI fluency, and the ability to lead through ambiguity. For example, when hiring or promoting managers, organizations might assess a candidates ability to integrate AI tools into workflows or their track record of leading change initiatives. First Step: Adapt Your Interview Questions. Add two questions to your next interview or promotion panel: Show a process youve redesigned with AI. What stayed human? and How do you verify outputs and handle errors? This will bring out real-world fluency, judgment, and accountability without overhauling the whole interview process. 4. Map and Optimize Workflows: To fully harness AIs potential, companies must conduct a thorough audit of their workflows to identify where AI can add value and where human judgment remains critical. This involves mapping out existing processes, pinpointing inefficiencies, and determining how AI can streamline operations. For instance, a company might use AI to automate routine approvals in its supply chain while relying on managers to negotiate strategic partnerships. First Step: Set Decision Rights. For any workflow touched by AI, draft a mini-RACI that identifies who approves, who reviews, and which decisions must stay human-in-the-loop. Publish it to the team tomorrow so guardrails are explicit. The Power of Thoughtful Transformation The rise of AI represents both an imperative and an opportunity for organizational transformation. Yes, companies should embrace the efficiency gains that come from automating traditional middle management functionsthe competitive landscape demands it. But those who approach this transformation thoughtfully, preserving crucial knowledge and career pathways while reimagining the managers role, will build organizations that are not just leaner but genuinely smarter. The choice isnt between humans and machinesits between thoughtful transformation and reckless disruption. Organizations that recognize this distinction and act accordingly wont just survive the coming changes; theyll help define what the future of work looks like.
Category:
E-Commerce
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