#BullishIPO Bullish IPO Overview
Bullish, a crypto exchange backed by Peter Thiel, recently went public on the New York Stock Exchange (NYSE) under the ticker *BLSH*. The company initially aimed to raise $629 million at a $4.2 billion valuation but later boosted its IPO target to $990 million with a valuation of $4.8 billion ¹ ².
Key Details of the Bullish IPO
- *IPO Pricing*: Bullish priced its shares at $37, but they surged to as high as $90 in the opening trade, closing 83% higher than the target price.
- *Listing and Ticker*: The shares trade on the NYSE under *BLSH*.
- *Investor Interest*: BlackRock and Ark Invest showed interest in buying up to $200 million worth of shares.
Post-IPO Performance
- Bullish's stock soared 160% in its IPO debut, making it a notable entry in the crypto space.
- The company's CEO, Tom Farley, views the successful IPO as a sign of growing institutional interest in crypto ³.
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