#BullishIPO – A Memorable Start for Crypto IPO on Wall Street

The hashtag reflects the excitement that is spreading as the IPO listing company named Bullish—a well-known crypto trading platform, owner of CoinDesk, and backed by Peter Thiel—makes its first trade on the NYSE with a "stunning" price surge. The opening price reached $90, soaring to a peak of $118, before closing at $68, representing an 83% increase from the IPO price of $37. This brings Bullish's market valuation close to $10 billion USD, even though the company was previously valued at $5.4 billion USD.

This IPO is not just a personal victory—but a clear signal that the market has special confidence in crypto companies. Amid a strong global IPO recovery, Bullish stands out, alongside events that have "ignited" the market such as Circle Internet Group and Figma.

Why does #BullishIPO attract so much attention?

It is a "strong rebound" for the entire crypto IPO sector, inspiring names like Gemini and Grayscale to be ready to follow.

The success is accompanied by the assessment that underwriters may have priced too low, allowing traders and investors to benefit significantly on the first day of trading.