#BullishIPO

The Bullish IPO was a hot topic, with the company going public on August 13, 2025, on the New York Stock Exchange (NYSE) under the ticker symbol "BLSH". Here are the key details¹:

- *IPO Price*: $37 per share, above the initial range of $32-$33

- *IPO Valuation*: Approximately $5.4 billion

- *Shares Offered*: 30 million shares, raising $1.1 billion

- *First-Day Performance*:

- Opened at $90

- Intraday high of $118

- Closed at $68

*Post-IPO Performance*:

- As of August 15, 2025, the stock price was $69.54, with a market cap of $10.17 billion

- The stock has seen significant gains, with some analysts warning against falling into the FOMO (fear of missing out) trap

*Key Players*:

- *Founders*: Block.one, the company behind the (link unavailable) blockchain protocol, founded Bullish Global in 2021

- *Backers*: Peter Thiel, Founders Fund, Thiel Capital, Nomura, and other prominent investors

- *Lead Underwriters*: JPMorgan, Jefferies, and Citigroup

*About Bullish*:

- A cryptocurrency exchange focused on institutional-grade trading

- Offers a hybrid exchange model combining central limit order book (CLOB) with automated market making (AMM)

- Regulated, full-reserve exchange with audits by Deloitte²