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๐ Bullish Goes Big: $629M IPO Incoming on NYSE!
> ๐ผ Backed by Peter Thiel | Target Valuation: $4.2B | ๐ Ticker: BLSH
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๐ฅ The Big Reveal
๐ฐ Bullish, the crypto exchange giant, just filed for a $629 million IPO on the New York Stock Exchange.
๐ฆ Whatโs on offer:
๐งพ 20.3 million shares
๐ธ Price range: $28โ$31
๐ฆ Potential Valuation: $4.2 Billion
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๐ก Why It Matters
โก Crypto Meets Wall Street
โ Bullish is leading the charge for regulated crypto adoption in public markets.
๐ค Heavyweight Support
โ Backed by Peter Thiel, guided by Tom Farley (ex-NYSE President)
โ Underwriters: J.P. Morgan, Jefferies, Citigroup
โ BlackRock & ARK Invest could buy up to $200M shares!
๐ฑ Stablecoin Power Play
โ A major chunk of IPO funds to be converted into USD-backed stablecoins
โ Targeting a compliant, on-chain financial system
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๐ Financial Pulse
๐ 2024 Profit: $80M
๐ Q1 2025 Loss: $348.6M
๐ Scaling fast โ but at a cost.
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๐ Whatโs the Impact?
๐ท Crypto Legitimized โ Major boost for regulated crypto IPOs
๐ท Stablecoin Future โ Bullish wants to dominate compliant DeFi
๐ท Trust Surge โ Wall Street is buying in โ literally
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๐ง Final Word
> This IPO isnโt just a funding move โ
itโs a statement to the world:
๐ Crypto is ready for Wall Street.