#BullishIPO Bullish, the cryptocurrency exchange platform backed by #PeterThiel, had great success 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 itself as a giant in the cryptocurrency market, thanks to its focus on institutional investors and ownership of CoinDesk.
The shares (ticker: BLSH) opened at $ 90, hitting a peak of $ 118 and closing around $ 70, with a market capitalization nearing $ 10 billion. The market responded enthusiastically, driven by confidence in the pro-crypto regulations of the Trump administration and the growth of Bitcoin ($BTC) and Ethereum ($ETH), with trading volumes on Bullish exceeding $ 1.25 trillion.
BlackRock and ARK Invest showed 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 sector. This debut marks a new era for cryptocurrencies, with the market bustling!
