The hashtag #BullishIPO captures the excitement surrounding the powerful debut of Bullish, a crypto exchange backed by Peter Thiel, that went public on August 13, 2025. Priced initially at $37 per share, Bullish raised around $1.1 billion and was valued at approximately $5.4 billion. Shares soared from an opening near $90 to as high as $118 before closing around $68—marking a gain of about 83% on day one. Its bullish performance signals renewed investor appetite and confidence in crypto-related IPOs, even as experts urge caution amid hype and FOMO risks.