The cryptocurrency exchange Bullish has successfully completed its initial public offering (IPO), raising $1.1 billion with the company valued at $5.4 billion.
Details of Bullish IPO
Bullish priced 30 million shares at $37, above the expected range of $32 to $33. The exchange will start trading on the New York Stock Exchange (NYSE) under the ticker BLSH from August 13, 2025.
Crypto Market and Investors
The company’s IPO exceeded expectations due to strong investor demand. Earlier this week, Bullish raised its pricing target to $990 million but ultimately secured significantly more. Institutional investors, including BlackRock and ARK Invest, have committed up to $200 million in shares.
Trends in the Cryptocurrency Market
The successful IPO of Bullish highlights a broader resurgence in the U.S. cryptocurrency markets. Companies in this sector are increasingly turning to IPOs or digital asset strategies to engage public investors, supported by favorable regulatory changes.
The IPO of Bullish represents a significant milestone in the cryptocurrency market, emphasizing the growing interest from investors in digital assets, alongside supportive regulatory shifts.
