#BullishIPO The Bullish IPO was a significant event in the financial world, particularly in the crypto space. Here's what you need to know,
- *IPO Details:*
- *Date:* August 13, 2025
- *Stock Symbol:* BLSH
- *Exchange:* New York Stock Exchange (NYSE)
- *IPO Price:* $37 per share (up from $32-$33 per share)
- *Shares Offered:* 30 million shares
- *Performance:*
- *First Trade:* $90
- *First-Day High:* $118
- *First Day Close:* $68
- *Raise:* Over $1 billion
- *Valuation:*
- *IPO Valuation:* Approximately $5.4 billion
- *Backing and Support:*
- *Investors:* Peter Thiel's Founders Fund, Thiel Capital, Nomura, Mike Novogratz, Brendan Blumer, Alan Howard, Louis Bacon, Richard Li, Christian Angermayer, and Galaxy Digital
- *Institutional Interest:* BlackRock and ARK Investment Management expressed interest in buying up to $200 million worth of shares
- *About Bullish:*
- *Company:* Bullish Global, a cryptocurrency exchange founded in 2021 by Block.one, the company behind the EOS.IO blockchain protocol
- *Focus:* Institutional-grade crypto trading platform with a hybrid exchange model, offering deep liquidity, tight spreads, and efficient price discovery
- *Regulatory Compliance:* Bullish operates as a regulated, full-reserve exchange, holding 100% of customer deposits in reserve
- *Unique Feature:* Ownership of CoinDesk, a top-tier crypto media company acquired in 2023 for about $70 million
The Bullish IPO has generated significant interest and excitement in the financial world, particularly among crypto enthusiasts and institutional investors. Its performance and valuation will likely be closely watched by market analysts and investors alike.