The hashtag #BullishIPO reflects the renewed enthusiasm for initial public offerings, especially in the technology and crypto sectors. In 2025, companies like Bullish, Figma, Circle, and Firefly have surprised the market with explosive debuts: Bullish rose by up to 143% from its initial price of 37 USD, reaching a valuation of over 13 billion USD; Figma skyrocketed by 250% and Circle sextupled its price on the first day; Firefly grew by 55% on its debut, driven by contracts with NASA. This wave of successful IPOs has boosted investor confidence and triggered a “spillover” effect that could benefit future stock market launches. However, history shows that these initial gains often correct over time. #BullishIPO encapsulates the bubble of excitement surrounding these launches, demanding optimism, but also caution against possible setbacks.