Bullish, The Coendesk Owner and Institutional Crypto Exchange Backed by Peter Thiel, Prick IS IPO AT $ 37 Per Share – ABOVE THE $ 32– $ 33 Range – Raising ABOUT $ 1.1B AND VALUING THE COMPANY NEAR $ 5.4B AHEAD OF ITS NYSE DEBUT UNDER TICKER BLSH.
The Deal Was Upsized to 30 Million Shares Following Strong Demand, Adding Bullish to a Growing Cohort of Publicly Listed Crypto Firms Amid A Relled Ipo Tape.
What’s Working: Investor Sponsorship and Scale. The offering comes with reported interst from larnge institts and a top-tier underwriting lineup, While Bullish you had posted Can Enhance Distribution and Brand In Institutional Crypto Cycles.
The Broader Backdrop Also Helps: Crypto Capital Markets have reopaned, and peer listings This Year Have Seen Robust Demand, Improving First-Day Setup Dynamics for Blsh.
What to Weight: Profitability, Volatility, and disclosure. LEAVE RAPID GROWTH IN ACTICETY AND AN EXPANDING MARKET, THE COMPANY HAS OPERATED THRUCH UNENVEN EARNINGS AND REMAINS EXPOSED TO DIGITAL ASSET PRICE SWINGS THAT CAN FLOW THRUCH Results; Execution on Margins and Cash Flow Will Be Central to Post-IP Performance.
COMPETITION FROM ESTABLISHED EXCHANGES AND BROKERS REMAINS INTENSE, AND AS A FOREIGN PRIVATE ISSUER, BULLISH MAY OPERATO WITH LIGHTER ONGOING DISCLOSURE THAN DOMESTIC PEERS-ANYTHING-RESTITOR-RELATIONS FACTOR TO MONITOR.
