A Bullish Inc (NYSE: BLSH) On Wednesday, the crypto fair began to act at $ 90 on the New York Stock Exchange, 143%higher than the $ 37 public issue price.
The IPO price of $ 37 has already exceeded the previously announced exchange rate of $ 32-33 per share. As a result, the market value of bullish increased to $ 5.4 billion. Bullish has now collected $ 1.1 billion with $ 30 million. The share price then went to $ 102.44 and the share price was $ 70 when the article was written.
The BlackRock and Cathie Wood Ark Investment Management are both important investors in AA.
Shares of the Bullish Cryptol
Earlier on Wednesday morning, the company set the price of IPOs well above the previously expected $ 32-33 band and the initial band of $ 28-31 from last week, so the operating value was around $ 5.4 billion before it started acting.
The Bullish Cryptocol, led by former President of the New York Stock Exchange, Tom Farley and Peter Thiel, a billionaire technology, focuses on institutional investors and combines decentralized financial protocols with the safety of centralized companies.
“The final phase of cryptocurrencies, the last 10 years, is actually about the retail trade, and … now the institutional investor wave has started.” Farley said on Wednesday at the show “Squawk on the Street” by CNBC. ‘Here he is, and the question is how big it will be. Based on feedback so far in IPO, it seems that institutional investors believe that this can be the big moment.
Since the start of the company in 2021, the total trade volume on the stock exchange has been more than $ 1.25 trillion on 31 March.
By the way, this was the second attempt at the bullish company in the four years since the company started.
Bullish is therefore a member of Crypto companies that want to benefit from the favorable regulatory attitude and a strong market interest of the Trump government. In June Circle Stabilcoin gave a very successful debut on the stock market, with more than $ 1 billion. This was followed by the resettlement of Mike Novogratz of the Galaxy Digital Nasdaq Stock Exchange of the Toronto Stock Exchange. The Etoro The IPO of the stock and cryptocopia application was also a big bang, which was then worth $ 5.4 billion. Since then, the Gemini Cryptocage Exchange has also submitted its stock market application in the United States.
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