Bullish Exchange Don Hit $13.2B Valuation for NYSE IPO, Dem Raise $1.1B
Di Bullish Exchange IPO land on NYSE come start for $90 per share, e value the crypto platform wey Peter Thiel support make $13.2B and raise $1.1B from 20.3M shares. The offering under ticker BLSH open 143% pass im $37 IPO price, im reach peak of $118 then close small below the open. Tom Farley wey been NYSE president lead am, Bullish Exchange get $1.7B Bitcoin treasury, plus $144M stablecoins and $55M ETH, e make dem fit tight spread and strong for spot and derivatives markets. E valuation pass those Asia-focused rivals and e dey on par with industry big names like Coinbase and eToro. The IPO show say institutional confidence dey grow and US regulation dey support am. VanEck analysts talk say for bull scenario, e go fit make $600M revenue and $200M EBITDA. This listing be one of the biggest crypto exchange debuts for 2025.
Bullish
Di strong debut wey Bullish Exchange IPO get fit mean better tori for di whole crypto market. For short term, di high opening price, im big valuation of $13.2B plus heavy capital wey dem don raise, all dey boost beta investor believe. Di platform $1.7B Bitcoin treasury plus di tight spreads for spot and derivatives market fit help better liquidity and increase trading volume. For long term, di IPO show sey institutions dey trust di space plus supportive US regulation, wey go open door for more crypto exchange IPOs and make digital assets join traditional finance more tight. Dis legit trend go help maintain upward push for big crypto like BTC and ETH.