#BullishIPO Bullish entered the market with one of the strongest debuts of the year. The company priced its initial public offering at 37 dollars a share, raising 1.1 billion dollars and securing a valuation between 5.4 and 5.6 billion. The offering drew weighty backing, with Peter Thiel among its sponsors and underwriting support from JPMorgan, Jefferies, and Citigroup. Institutional interest followed quickly, as firms such as BlackRock and ARK weighed commitments of up to 200 million dollars.

The stock opened with force, rising 84 percent on its first day to close at 68 dollars, which placed the company’s worth near 10 billion. Momentum carried into the second session, where shares advanced another 11 percent, a sign that confidence among investors had not cooled.