Ark Invest Don Put $172M for One Correct IPO as Shares Dey Rally 84%
Cathie Wood-led Ark Invest, don put $172 million inside Bullish IPO for NYSE. Dem buy about 1.71 million shares of ARKK, 545,000 of ARKW and 272,000 of ARKF. Bullish IPO price set at $37, e raise $1.1 billion and na share jump 83.8% to $68 for debut, then gain 11.2% for after-hours trading. After dem list, ARKK and ARKF rise small small by 0.04% and 0.63%, but ARKW drop 0.12%. With Peter Thiel backing, Bullish go use the money for their operations, working capital, and maybe acquisitions. This Bullish IPO rally show say institutional demand strong for crypto exchange stocks and fit boost sector growth. Traders suppose watch market reactions to sabi potential volatility and momentum chances.
Bullish
Di strong debu and big gain wey Bullish IPO get afta market close, plus di $172 million wey Ark Invest commit, dey show say institutional confidence for crypto exchange platforms don increase. For short term, di 84% rally and how di ETF perform fit make trading volume and volatility increase for related stocks and tokens as traders dey look momentum plays. For long term, dis kain backing from big name investors like Cathie Wood and Peter Thiel fit attract more capital enter crypto exchange sector, help support steady growth and encourage new listings. Overall, dis news na bullish sign for market sentiment and fit push more investment flows into crypto exchange equities.