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Why hasn't it reached 120k by the time I got up this morning....
Keep it up, Pancake King!

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##BullishIPO Bullish IPO Highlights IPO Pricing & Structure Date: Bullish began trading on the NYSE on August 13, 2025. IPO Price: Originally priced at $37 per share, above its expected range of $32–$33. Shares Sold: 30 million shares sold, with underwriters having an option to sell an additional 4.5 million. Funds Raised: Approximately $1.1 billion raised. Valuation at IPO: Estimated at $5.4 billion at pricing. Stock Performance on Debut Opening Price: Opened at $90, up nearly 143% from IPO price. Intraday Peak: Surged to as high as $118, marking more than 218% gain on paper. Closing Price: Ended the day around $68, up about 83%. Market Context & Institutional Support The IPO reflects a broader revival in IPO activity, particularly among crypto and tech firms. Major institutional investors like BlackRock and Ark Investment Management showed interest. The surge aligns with a favorable regulatory environment for crypto, including new stablecoin frameworks. Why the Bullish Sentiment Factor Explanation Strong Pricing Bullish priced above expectations, signaling strong investor demand. Explosive Debut Opening >2× IPO price and intraday peaks near 4× created dramatic returns. Market Momentum Part of a wave of high-profile crypto IPOs (e.g., Circle, Figma). Institutional Backing Endorsements from major asset managers added credibility and support. Regulatory Tailwinds Pro-crypto legislation and stablecoin clarity boosted investor confidence. #bullish $BOOP

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