ARK Invest scoops $172M in Bullish shares as stock soars 83% on debut

Key Points

1. ARK Invest bought 2.53 million Bullish shares across three ETFs: ARKK (1,714,522 shares), ARKW (545,416 shares), and ARKF (272,755 shares).

2. Bullish's stock closed at $68 on its first trading day, an 83.8% increase from its IPO price of $37, reaching a market cap above $10 billion.

3. The shares rose another 11.2% in after-hours trading, peaking at $118 before pulling back.

4. Bullish raised $1.1 billion through its IPO, pricing shares above initial expectations of $32–$33 per share.

5. This was Bullish's second attempt at going public after a failed SPAC deal in 2021.