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Bullish Prices IPO at $37, Valuing Crypto Exchange at $5.4 Billion

2025-08-13 12:04:54

Bullish Prices IPO at $37, Valuing Crypto Exchange at $5.4 Billion

Main Idea

Bullish has priced its IPO at $37 per share, valuing the cryptocurrency exchange at $5.4 billion and raising $1.1 billion, with trading set to begin on the NYSE under the ticker 'BLSH'.

Key Points

1. Bullish's IPO priced at $37 per share, raising $1.1 billion through the sale of 30 million shares, exceeding initial expectations.

2. Trading will commence on the NYSE under the ticker 'BLSH', with BlackRock and ARK Investment Management showing interest in purchasing up to $200 million in shares.

3. The exchange, led by former NYSE President Tom Farley, targets institutional investors and combines decentralized finance protocols with centralized security.

4. Bullish has processed over $1.25 trillion in total trading volume since its launch in 2021 and is backed by notable investors like Peter Thiel.

5. The listing is part of a broader trend of crypto-related public offerings in 2025, including Circle, Galaxy Digital, and Gemini.

Description

Bullish has priced its initial public offering (IPO) at $37 per share, topping earlier expectations of $32 to $33, giving the cryptocurrency exchange a market capitalization of $5.4 billion. Key Takeaways: Bullish priced its IPO at $37 per share, valuing the exchange at $5.4 billion and raising $1.1 billion. Trading will start on the NYSE under the ticker “BLSH,” with BlackRock and ARK eyeing up to $200 million in shares. The listing follows a wave of 2025 crypto IPOs, including Circle, eToro, G...

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