#BullishIPO Bullish IPO (BLSH) attracts attention with a 160% surge on its debut at the NYSE, backed by prominent investors like Peter Thiel and institutional interest from BlackRock and ARK. A valuation of $4.8 billion and plans to convert IPO funds to stablecoin indicate an innovative strategy, but a loss of $349 million in Q1 2025 and the volatility of the crypto market present risks. Despite its potential, investors need to be cautious as the high valuation (100x EBITDA) may indicate short-term overhyping.