US EditionCrypto exchange Bullish more than doubles in NYSE debut after pricing IPO above expected range
Bullish raised $1.11 billion in an IPO priced at $37 per share, with 20 times oversubscription reflecting strong institutional demand including BlackRock and ARK Investment Management.
- Bullish, a crypto exchange for institutional investors based in the Cayman Islands and led by former NYSE President Tom Farley, priced its IPO above the expected range at $37 per share.
- The company raised $1.1 billion in the IPO by selling 30 million shares, giving it a market value of $5.4 billion.
- Backers like billionaire Peter Thiel aim to capitalize on favorable crypto regulations, following successful crypto-related IPOs this year from firms like Circle and Galaxy Digital.
47 Articles
47 Articles
Cathie Wood Pounces On Peter Thiel-Backed Bullish Stock After Wild IPO Surge: Ark Buys Stock Worth $172.22 Million - ARK Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK)
Ark Invest, led by Cathie Wood, made big trades in Bullish and Shopify. They bought over 2.5 million shares of Bullish and sold over $3 million of Shopify stock.
Crypto exchange Bullish’s shares soar in trading debut
Shares of cryptocurrency exchange Bullish soared in its public trading debut Wednesday, the latest sign of strength for the IPO market and digital assets sector. The Peter Thiel-backed company’s shares were priced at $37, but the stock quickly jumped to more than $100, showing the challenge of accurately pricing an IPO amid Wall Street’s exuberance, The Wall Street Journal wrote: A similar dynamic played out when design platform Figma went publi…
Crypto exchange Bullish is the latest IPO to explode higher in its trading debut
Michael M. Santiago/Getty ImagesCrypto exchange Bullish surged in its stock-market debut.Shares of the crypto exchange popped as much as 218% from their IPO price of $37.The IPO follows other high-profile debuts that popped on their first day, including Figma and Circle.Investors are bullish on Bullish.Shares of the Peter Thiel-backed cryptocurrency exchanged surged in their debut on the New York Stock Exchange on Tuesday after pricing above the…
Bullish shares set to open as much as 62% above IPO price after huge demand - report (BLSH:NYSE)
Crypto exchange Bullish's (BLSH) shares were indicated to open in the range of $55-$60 per share, representing a ~62% jump from the initial public offering price of $37, according to a media report published Wednesday.
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