#BullishIPO Bullish’s IPO ignited strong enthusiasm from investors and the broader crypto market. Priced at $37 per share, it raised $1.1 billion and valued the firm at $5.4–$5.6 billion . Backed by Peter Thiel, and supported by underwriters such as JPMorgan, Jefferies, and Citigroup, Bullish drew institutional attention from heavyweights like BlackRock and ARK, who considered buying up to $200 million in shares . On debut, the stock soared 84%, closing at $68, pushing its valuation toward $10 billion . By day two, shares climbed another 11%—a clear signal of sustained investor confidence