#BullishIPO IPO Pricing & Proceeds
Bullish priced its initial public offering at $37 per share, exceeding the previously expected range of $32–$33. The IPO raised $1.11 billion from the sale of 30 million shares, valuing the company at approximately $5.4 billion at pricing time. Underwriters include JPMorgan, Jefferies, and Citigroup. Major institutional investors such as BlackRock and ARK Investment Management committed interest for up to $200 million in shares.
NYSE Debut Performance
Bullish shares soared on their first trading day:
Opened as high as $118, then settled at around $68, representing an 83%+ gain over the IPO price.
Market capitalization briefly touched $13 billion before confidence settled near $10 billion.
Company Background & Strategy
Founded in 2021, Bullish is a cryptocurrency exchange geared toward institutional traders. It provides spot, futures, and derivatives trading and owns CoinDesk, a prominent crypto media and data firm. Bullish is headquartered in the Cayman Islands and counts Peter Thiel among its backers; it’s led by former NYSE president Tom Farley.
Bullish priced its initial public offering at $37 per share, exceeding the previously expected range of $32–$33. The IPO raised $1.11 billion from the sale of 30 million shares, valuing the company at approximately $5.4 billion at pricing time. Underwriters include JPMorgan, Jefferies, and Citigroup. Major institutional investors such as BlackRock and ARK Investment Management committed interest for up to $200 million in shares.
NYSE Debut Performance
Bullish shares soared on their first trading day:
Opened as high as $118, then settled at around $68, representing an 83%+ gain over the IPO price.
Market capitalization briefly touched $13 billion before confidence settled near $10 billion.
Company Background & Strategy
Founded in 2021, Bullish is a cryptocurrency exchange geared toward institutional traders. It provides spot, futures, and derivatives trading and owns CoinDesk, a prominent crypto media and data firm. Bullish is headquartered in the Cayman Islands and counts Peter Thiel among its backers; it’s led by former NYSE president Tom Farley.