#BullishIPO A New Era for Crypto on Wall Street
That's right Bullish the owner of Coindesk! ๐ช
The Bullish IPO just shook markets. Backed by Peter Thiel, the exchange raised $1.1B at $37/share, then exploded to over $118 on debut before cooling near $68, valuing it above $10B.
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This isnโt an isolated winโfirms like Circle (USDC issuer) and others are lining up their own IPOs as regulatory clarity (e.g. the Genius Act) restores institutional confidence.
Why it matters:
Big finance is back โ BlackRock, ARK Invest, and other institutions joined the party.
Crypto Winter is over? โ IPOs show markets see real, sustainable value in crypto infrastructure.
More listings ahead โ Exchanges, stablecoin issuers, and Web3 firms are preparing their Wall Street debuts.
๐ Bullish may be the first spark in a wave of crypto IPOs. The question isโwill they sustain this momentum, or are we seeing early-stage hype?