#BullishIPO It looks like you're referencing “#BullishIPO”—that hashtag captures the explosive debut of Bullish, a crypto exchange backed by Peter Thiel, which went public on August 13, 2025.

What happened with the Bullish IPO?

Here’s the breakdown of this highly anticipated listing:

IPO Details: Bullish priced its IPO at $37 per share, well above the expected range of $32–33, valuing the company around $5.4 billion and raising approximately $1.1 billion from the sale of 30 million shares.

Market Debut: On its first trading day, the stock opened at $90, surged up to $118 (a gain of up to 218% intraday), before settling at $68—a strong debut that pushed its market cap close to $10–13 billion depending on the source.

Follow-On Strength: The momentum continued into the second day, with a further rise of around 11%, taking the price to roughly $75.47, and an estimated market valuation of about $11 billion.

Investor Confidence: Institutional players like BlackRock, ARK Invest (led by Cathie Wood), JPMorgan, Jefferies, and Citigroup were heavily involved in underwriting or investing in the IPO.

Context: The listing reflects renewed investor enthusiasm for crypto infrastructure, buoyed by rising Bitcoin prices and clearer regulatory frameworks like the recently enacted “Genius Act” for stablecoins. Bullish’s ownership of CoinDesk adds a media/data revenue stream to its business model.

Why #BullishIPO was a standout event

This IPO stood out for several reasons:

FactorImpactOversized IPO & strong demandRaised $1.1B at $37/share, well above expectationsSurging listing-day performanceOpened at $90, peaked at $118, closed at $68Institutional buy-inMajor investors showed confidence earlyRegulatory tailwindsCrypto-friendly legislation and market sentiment drove momentumMedia & data synergyOwnership of CoinDesk adds strategic value

Would you like to dive deeper into the post-IPO performance, Bullish’s business segments, how retail investors are responding, or what this means for the broader crypto IPO landscape?