#BullishIPO
Bullish is a cryptocurrency exchange that recently made headlines with its Initial Public Offering (IPO) on the New York Stock Exchange under the ticker BLSH. The company priced its IPO at $37 per share, which was higher than the originally expected range, and raised about $1.1 billion, valuing Bullish at approximately $5.4 billion at the IPO price. Backed by investor Peter Thiel and led by former NYSE President Tom Farley, Bullish targets institutional clients and integrates both decentralized finance protocols and traditional market structures.
Bullish's stock opened at $90, soaring as much as 215% above the IPO price, with shares briefly peaking at $118 before closing its first day at $68. The company has since maintained a strong rally, bringing its market capitalization to over $10 billion. The debut is one of the most notable crypto industry IPOs since Coinbase, indicating strong mainstream and institutional interest in the digital asset sector.
Key points about Bullish and its IPO:
Bullish raised $1.1 billion in its IPO, with an initial market cap of $5.4 billion.
The stock debuted at $90 and peaked at $118 before closing the first day at $68, representing an 84% gain from the IPO price.
As of the second day, the share price continued to climb, with the company’s value surpassing $10 billion.
Bullish targets institutional investors, providing spot and derivatives trading for digital assets, and owns the well-known crypto publication CoinDesk.
The IPO was a major highlight for the 2025 IPO market, reflecting renewed interest and optimism in the broader sector of crypto-linked public offerings