#BullishIPO The #BullishIPO refers to the initial public offering of Bullish, a cryptocurrency exchange operator backed by billionaire Peter Thiel and other major investors like BlackRock and ARK Invest. Here are the key details ¹ ² ³:
- *IPO Details:*
- *Price*: $37 per share, above the expected range of $32-$33
- *Shares Sold*: 30 million shares, increased from 20.3 million due to high demand
- *Valuation*: Approximately $5.4 billion
- *Raised*: $1.11 billion, making it the largest U.S. digital asset company IPO in 2025
- *Performance:*
- *First-Day Surge*: Bullish shares soared over 162% to reach $96.97, showing strong institutional demand for crypto stocks
- *Opening Price*: Shares opened at $90, representing a 143% jump from the IPO price, and valuing the company at over $9.5 billion
- *Company Overview:*
- *Leadership*: Led by Tom Farley, former New York Stock Exchange president
- *Focus*: Targets institutional investors, offering spot trading, futures, and derivatives services
- *Assets*: Owns CoinDesk, a leading crypto news and data platform
- *Trading Volume*: Has facilitated over $1.25 trillion in cumulative trading volume since its inception in 2021
The Bullish IPO has been seen as a success, signaling growing institutional interest in digital asset platforms and potentially paving the way for other crypto companies to explore public listings ⁴ ⁵.