"Crypto exchange Bullish lands upsized $1.1 billion IPO, joins growing roster of public crypto firms" reports:
Bullish raised $1.11 billion in an upsized IPO, pricing 30 million shares at $37 each—above its earlier $32–$33 range.
This gives the company a valuation of approximately $5.41 billion.
Trading is set to begin on the New York Stock Exchange under the ticker BLSH.
The IPO was led by underwriters JPMorgan, Jefferies, and Citigroup, with BlackRock and ARK Invest showing interest in buying up to $200 million in shares.
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Broader Context & Industry Confirmation
Several reputable financial outlets corroborate and expand upon this:
Reuters confirms the $37 IPO price, the $1.11 billion raised, and a valuation of $5.41 billion .
Barron’s adds that Bullish made its market debut today, emphasizes the valuation at about $5.6 billion, and notes strong institutional backing and a strategic focus on major cryptocurrencies .
MarketWatch highlights high demand, shares raised to 30 million, a valuation near $5.6 billion, along with its acquisition of CoinDesk and projected Q2 earnings of over $106 million .
TradingView/Reuters reiterates the IPO details and valuation .
AInvest and other outlets underscore the IPO as a milestone for the crypto market’s institutional mainstreaming .
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Key Highlights at a Glance
Metric Detail
Shares Sold 30 million shares
Price per Share $37 (above the $32–$33 range)
Total Raised $1.11 billion
Valuation ~$5.41 billion (some reports cite ~$5.6 billion)
Ticker Symbol BLSH, listed on the NYSE
Major Investors & Underwriters JPMorgan, Jefferies, Citigroup (lead underwriters); BlackRock & ARK Invest interested in ~$200M in shares
Broader Significance Marks a shift toward institutional backing and regulatory clarity in crypto markets
