#BullishIPO It looks like you're referring to #BullishIPO — a hashtag that was trending recently.
In this context, "Bullish IPO" doesn't just mean a generally bullish (optimistic) initial public offering. Rather, it's referring to the IPO of Bullish, a cryptocurrency exchange backed by Peter Thiel and CoinDesk’s parent company.
Here's what happened:
What Was the Bullish IPO?
Bullish went public on August 13, 2025, trading under the ticker symbol BLSH on the New York Stock Exchange. It priced its shares at $37 each, which was above its previously projected range of $32–$33—a move that signaled strong demand.
The IPO raised approximately $1.1 billion, pegging the company’s valuation at around $5.4 billion.
How Did the Market React?
In its market debut, BLSH opened at $90, spiked to an intraday high of $118, and eventually closed at a whopping 84% gain over its IPO price.
This marked one of the most explosive IPO debuts this year, especially within the crypto sector.
Several major institutional investors, including BlackRock and ARK Investment Management, indicated strong interest in BLSH, further fueling investor enthusiasm.
Why It Matters
3 key reasons why this IPO stood out:
Crypto Market Resurgence
The massive first-day surge underscores renewed investor confidence in digital assets going public.
High Institutional Buy-In
The participation of giants like BlackRock and ARK indicates serious backing and validation from professional investors.
Volatility & Strategy Alert
While such a sharp pop can be exciting, investment experts urge caution. Retail investors should avoid FOMO and consider long-term risk, possibly using stop-loss strategies.
Summary Table
EventDetailsIPO DateAugust 13, 2025IPO Price$37 per share (above $32–$33 projected range)Shares Sold & Capital Raised30 million shares → ~$1.1 billion raisedValuation~$5.4 billionTrading Day PerformanceOpened at $90 → high of $118 → closed at $68 (~84% gain)Institutional InterestHigh—BlackRock, ARK, etc.Investor AdviceBe cautious; don’t let FOMO override strategy.