#BullishIPO Bullish is a cryptocurrency exchange that made headlines with its recent initial public offering (IPO) on the New York Stock Exchange under the ticker BLSH. The IPO was priced at $37 per share, which was significantly above the initial expected range of $28 to $33. Bullish raised around $1.1 billion through this offering, valuing the firm at approximately $5.4 billion before trading began.

On its debut, Bullish shares opened at $90, reflecting a remarkable surge of over 143% from its IPO price, and trading was so volatile that the exchange paused trading at least twice. Shares briefly reached a high of $118 before settling at $68 by the end of the first day. By the following morning, the stock had climbed to $78, and its market capitalization swelled to over $10 billion.

Bullish is targeted primarily toward institutional investors and is backed by prominent figures, including former NYSE President Tom Farley (now CEO) and tech entrepreneur Peter Thiel. The company differentiates itself by integrating decentralized finance protocols with the security of centralized systems. Bullish also owns CoinDesk, a major cryptocurrency news outlet.

Its successful IPO comes amid a resurgence of cryptocurrency-related stock offerings, demonstrating strong institutional confidence in the sector. Notable asset managers like BlackRock and Ark Invest reportedly purchased significant shares in the offering. Bullish's IPO joins a wave of digital asset companies, such as Coinbase, eToro, Circle, and Galaxy, that have recently gone public in the United States.

In summary:

IPO Price: $37/share

Shares Opened: $90/share (over 143% gain)

Market Cap: Rose from $5.4 billion (IPO) to over $10 billion after trading

Funds Raised: Approx. $1.1 billion

Primary Focus: Institutional crypto trading and market infrastructure

Leadership: Tom Farley (CEO, ex-NYSE), Peter Thiel (backer)

Other Assets: Owns CoinDesk

The IPO is seen as a pivotal moment for institutional crypto adoption and signals bullish sentiment in both the crypto market and public equities for digital