Bullish debuts on NYSE with shares soaring impressively up to 218% on first trading day
Bullish Raises $1.1 Billion in IPO at $5.4 Billion Valuation
On August 13, Bullish made its debut on the NYSE — and for those who entered at the IPO price of $37 per share, the results are striking.
Opening price: $90 (+143% vs IPO price)
Day high: $118 (+218%)
Close: ~$68 (+83%)
Offering size: $1.1B, 30M shares
Market cap: ~$13B
What This Means for Investors Who Bought at $37
Even after the pullback from the intraday peak, you remain up nearly +83% in a single day.
⏳ Keep in mind the lock-up: 93 days. High volatility in the first weeks is a normal story for high-profile IPOs — the position will close on November 14.
About Bullish
In 2020, when the world of digital assets was swirling with contradictions and change, a man who already understood how markets evolve stepped onto the scene — Thomas Farley, former President of the New York Stock Exchange.
He saw that crypto was entering a new era — one where the main players would no longer be anonymous forum traders but institutional investors demanding transparency, deep liquidity, and strict compliance.
Farley assembled a team of Wall Street veterans and blockchain pioneers. Together they envisioned a new type of exchange — Bullish: built with infrastructure capable of handling billions of dollars in trades and mechanisms inspired by the best decentralized platforms.
Funding soon came from top venture firms, including Peter Thiel’s Founders Fund, and shortly after, giants like BlackRock and ARK Invest joined in, recognizing the potential in merging traditional finance with crypto innovation.
In 2023, Bullish made a strategic move — acquiring CoinDesk, a leading media and analytics platform in the industry. This gave the company not only a voice in the digital asset world but also the ability to help shape the agenda for the entire market.
In just a few years, Bullish went from a bold idea on paper to one of the largest players in crypto, processing more than $1.25 trillion in trades.
🚀 Bullish’s successful NYSE debut became one of the year’s most remarkable IPOs. It reinforces the trend of major listings returning after a long pause.
Many missed out on the Bullish IPO — stay tuned, because next week we expect new IPOs you’ll be able to invest in. Download the app so you don’t miss the announcements.
Wishing you all a great day! 🙌
