#BullishIPO

Bullish's IPO sparked immense excitement among investors and the crypto community, raising $1.1 billion at $37 per share and valuing the company at $5.4-5.6 billion. With backing from Peter Thiel and top underwriters like JPMorgan and Citigroup, Bullish attracted major institutional investors like BlackRock and ARK, who considered purchasing up to $200 million in shares. The stock debuted with an 84% surge, closing at $68 and pushing the valuation close to $10 billion. The momentum continued, with shares rising another 11% on the second day, demonstrating sustained investor confidence.