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Here's the latest update on the Bullish IPO
- *IPO Details*:
- *Number of Shares*: 30 million ordinary shares were offered, upsized from 20.3 million.
- *Price Range*: Initially expected to be $28-$31 per share, then raised to $32-$33 per share, and finally priced at $37 per share.
- *Total Funds Raised*: $1.1 billion, exceeding the expected $990 million.
- *Listing*:
- *Exchange*: New York Stock Exchange (NYSE).
- *Ticker Symbol*: BLSH.
- *Listing Date*: August 13, 2025.
- *Investor Interest*:
- *Institutional Investors*: BlackRock and ARK Invest committed to acquire up to $200 million worth of shares.
- *Lead Underwriters*: JPMorgan, Jefferies, and Citigroup.
- *Company Valuation*: Approximately $5.4 billion.
- *Use of Proceeds*: General corporate purposes, working capital, and potential future acquisitions.
Bullish, a cryptocurrency exchange backed by Peter Thiel, has successfully completed its IPO, marking a significant milestone for the crypto industry's integration into traditional financial markets.
