🚀 Bullish (BLSH) IPO Makes Waves on Wall Street

Bullish, the crypto exchange and owner of CoinDesk, made a powerful debut on the NYSE under ticker BLSH.

IPO Price: $37 per share

Funds Raised: $1.1B (Valuation ~$5.4B)

First-Day Action: Opened at $90, peaked at $118, and closed at $68 (+85% from IPO price)

Backers: Peter Thiel’s Founders Fund, Galaxy Digital, BlackRock, ARK Invest

Focus: Institutional-grade trading, mainly Bitcoin & Ethereum

Outlook: Targeting Q2 2025 profitability with ~$2B in crypto reserves

👉 The explosive debut shows strong investor appetite for institutional crypto plays—though volatility reminds us that hype and fundamentals don’t always align.#BullishIPO