ARK Invest Buy $172M Bullish IPO Shares as Stock Dey Soar

ARK Invest dem ETFs buy total 2.53 million shares for Bullish stock when e IPO debut, dem spend about $172 million for di $68 closing price. Di Bullish IPO wey dem price at $37 jump 83.8% for di first day, reach high of $118 and push company market cap pass $10 billion. After hours trading, di shares still gain another 11.2%. Di crypto exchange operator wey based for Cayman Islands and di owner of CoinDesk raise $1.1 billion by issue 30 million shares, dis na dia second public listing after dem fail for SPAC attempt for 2021. Bullish dey operate for Hong Kong, Singapore and UK. Dis Bullish IPO follow one wave of big crypto equity listings for 2024, including USDC issuer Circle wey do $1.1 billion offering with 167% first day gain and Gemini confidential US filing. Traders suppose note di strong institutional demand for crypto ETFs and di Bullish IPO strong momentum for crypto equities sector.