#BullishIPO

The bullishI PO launched on August 13, 2025, under ticker BLSH, priced at $37 per share. Backed by Peter Thiel, ARK Invest, BlackRock, and Galaxy Digital, it raised about $1.1 billion at a $5.4 billion valuation. Its début was explosive: shares opened at $90, peaked at $118, and closed at $68, an 84% gain. On the second day, they rose another 11% to $75.47, lifting the market cap near $11 billion. Institutional investors, especially ARK, bought heavily. While sentiment is highly optimistic, history shows IPO pops often fade, with many delivering negative long-term returns. Caution remains essential despite the hype.