Bullish Exchange: An Explosive Debut with the IPO!
#BullishIPO Bullish, the crypto exchange platform backed by #PeterThiel , made waves with its IPO on the NYSE, raising $1.1 billion at a price of $37 per share, surpassing expectations of $32-$33.
With a valuation of $5.4 billion, Bullish confirms its status as a giant in the crypto market, thanks to its focus on institutional investors and ownership of CoinDesk.
The shares (ticker: BLSH) opened at $90, peaked at $118, and closed at around $70, with a market cap nearing $10 billion. The market responded enthusiastically, driven by confidence in the Trump administration's pro-crypto regulation and the growth of Bitcoin (BTC) and Ethereum (ETH), with trading volumes on Bullish exceeding $1.25 trillion.
BlackRock and ARK Invest have shown interest in $200 million in shares.
With assets like 24,000 BTC, 12,600 ETH, and $400 million in stablecoins, Bullish positions itself as a leader in the industry. This debut marks a new era for crypto, with the market buzzing!
