#BullishIPO The Bullish IPO was a huge success, debuting on the New York Stock Exchange (NYSE) under the ticker symbol "BLSH" on August 13, 2025. Here are the key details:
IPO Details
- *IPO Price*: $37 per share, above the initial target range of $32-$33 per share
- *Shares Offered*: 30 million shares
- *Raise*: $1.1 billion, exceeding the initial goal of up to $990 million
- *Valuation*: Around $13 billion, based on the stock's intraday high of $118
Post-IPO Performance
- *Stock Price*: Bullish stock surged by over 80% following its IPO listing, closing at around $68 per share. The current price is $69.54, with a -6.82% change
- *Market Capitalization*: Approximately $10.17 billion
Key Players and Investors
- *Backers*: Peter Thiel's Founders Fund, BlackRock, and ARK Invest, with ARK Invest purchasing $200 million worth of shares
- *Lead Underwriters*: JPMorgan, Jefferies, and Citigroup
Future Outlook
- *Institutional Appetite*: Growing institutional interest in crypto-related assets and regulated businesses
- *Market Trends*: Clearer regulatory shifts and a more favorable environment for IPOs, driven by the Trump administration's push for innovation and adoption¹ ²#DeFiGetsGraded
