#BullishIPO The IPO of Bullish, the cryptocurrency exchange backed by Peter Thiel, marks an important milestone with a valuation of $5.4 billion, raising $1.11 billion from 30 million shares at $37 per share, exceeding the expected $32-33. This event, taking place on the NYSE under the ticker 'BLSH,' reflects strong confidence from investors, particularly from large institutions such as BlackRock and ARK, committing to buy $200 million in shares. The IPO is led by JPMorgan, Jefferies, and Citigroup, underscoring the acceptance of traditional finance. The acquisition of CoinDesk in 2023 helps Bullish expand its influence in crypto media. A clearer regulatory backdrop in the U.S. and the upward trend in Bitcoin and Ethereum prices have boosted optimistic sentiment. Compared to Circle's IPO ($41 billion), Bullish has a lower valuation but still stands out due to its strategy of integrating blockchain and finance. The forecast for Q2 2025 profits ($106-109 million) further reinforces confidence. This IPO not only strengthens Bullish's position but also signals the maturation of the cryptocurrency market.