#BullishIPO 1/ 🧵 Let's talk about the Bullish IPO that's creating waves in the crypto community. Here's why I think this could be a big deal. #BullishIPO #CryptoStocks
2/ 📊 The Numbers:
– Bullish is targeting a 4.3Bvaluationwith20.3Msharespricedbetween28-$31.
– Aims to raise $629.3M, with an option for underwriters to purchase an additional 3.045M shares.
3/ 💼 Strong Backers:
– Peter Thiel-backed and supported by major institutions like BlackRock and ARK. These aren't small players; they see potential here.
4/ 🌐 Global Reach:
– Operates in over 50 jurisdictions, catering to institutional clients. Excluded from the U.S. for now, but that could change.
5/ 📰 Media Presence:
– Owns CoinDesk, a top crypto media outlet. This adds a layer of credibility and reach that most exchanges lack. #CoinDesk
6/ 💱 Stablecoin Strategy:
– Plans to convert a significant portion of IPO proceeds into stablecoins. Smart move given the current regulatory environment and market demand.
7/ 🚀 Market Momentum:
– U.S. crypto regulations are finally shaping up. The GENIUS Act and other legislative moves are creating a favorable environment.
8/ ⚠️ Risks:
– High volatility and intense competition are given in the crypto space.
– Regulatory risks still exist, though they're diminishing.
9/ 🎯 Verdict:
– Bullish is positioning itself as a major player in the crypto exchange and media space. If you believe in crypto's long-term potential, this IPO is worth considering. $bullish #Write2Earn
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