The Bullish IPO was a huge success, debuting on the New York Stock Exchange (NYSE) under the ticker symbol "BLSH" on August 13, 2025. Here are the key highlights ¹ ² ³:

- *IPO Details:*

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

- *Shares Sold*: 30 million shares

- *Valuation*: Approximately $5.4 billion

- *Raise*: $1.11 billion, making it the largest U.S. digital asset company IPO in 2025

- *First-Day Performance:*

- *Opening Price*: $90, a 143% increase from the IPO price

- *Intraday High*: $118

- *Closing Price*: $68, an 83% increase from the IPO price

- *Investor Interest:*

- *Institutional Investors*: Backed by prominent investors like Peter Thiel, BlackRock, Galaxy Digital, and ARK Invest

- *Retail Investors*: 20% of IPO shares allocated to retail investors

- *Market Impact:*

- *Market Capitalization*: Peaked at $13.16 billion, with a closing valuation near $10 billion

- **Signal for Crypto