Bullish, The Peter Thiel-Backed Crypto Exchange and Parent of Coindesk, Prick IS IPO AT $ 37 Per Share-ABOVE THE ALREADY-RAISED $ 32– $ 33 RANGE-RAISING ABOUT $ 1.1B AND IMPYING A VALUATION NEAR $ 5.4B AHEAD OF ITSE NYSE DEFUT THE
Early Indications Poeded to a Strong Open, with the stock signed to start trading 55% –75% ABOVE THE IPO PRICE, implies an Opening Range Around $ 55– $ 75 and a Potential Valuation Near $ 9B– $ 11B IF HOSE Indications Held.
The Company Upsized The Deal To 30 Million Shares Amid Heavy Demand, and Underwriters have 30 -Day Option to Sell an Additional 4.5 Million Shares. Interest From Large Institts Was Notable, With Blackrock and Ark Investment Management Indicating Up To $ 200m of Potential Share Purchasses at The Ipo Price.
Bullish Operatos An Institutionally Oriented Exchange Offering Spot, Margin, and Derives in Major Crypto Assets, and Owns Coindesk’s Media and Data Business; Cumulative Platform Volume Surpassed $ 1.25t As of March 31, 2025, According to Multiple Reports. LED by Former Nyse President Tom Farley, The Company’s Nyse Listing Marks Its Second Attempt to Go Public after at 2021 Spac Plan Was Scrapped Amid a Weaker Crypto Market Backdrop.
Broader Context for the debut is favorable: US Crypto Listings have reopaned, with Circle’s June Ipo Raising Over $ 1B and Trading Sharply Higher Since, While indications for bullish’s opening print underscord Strong Buy-Me The Offering is expectted to close aug.14, Subject to Customary Conditions.
