Bullish Sets IPO Price at $37 Per Share
- Bullish IPO price set at $37, indicating strong demand.
- Enhanced institutional interest in cryptocurrency markets.
- Valuation now nearly $5 billion due to increase.
Bullish will list on the NYSE on August 13, 2025, pricing its IPO at $37 per share, surpassing earlier estimates.
Rising Bullish valuation underscores growing institutional appetite in the cryptocurrency market, echoing trends seen in prior major crypto-company listings like Coinbase.
Bullish, a cryptocurrency exchange backed by Peter Thiel, has increased its IPO price to $37 per share. This increase exceeds the previously announced range and reflects strong institutional demand ahead of its listing on the NYSE on August 13, 2025.
Increased pricing for Bullish’s IPO signifies substantial interest from investors. Peter Thiel, a prominent tech investor, is backing the company, further enhancing its appeal. The valuation has surged to nearly $5 billion, significantly higher than the initial estimate.
The price adjustment indicates growing interest in the cryptocurrency sector. Bullish processed over $647 billion in spot volume over the last year, demonstrating its strong position in the market. The company’s elevated profile might lead to increased market activity.
The financial implications of Bullish’s IPO are profound. It plans to raise approximately $990 million through this offering. Such a fundraising effort highlights the company’s growth trajectory and its potential impacts on institutional investment in cryptocurrencies.
“The raised IPO price reflects the confidence investors have in Bullish’s market position and potential future growth,” said a market analyst from an industry report.
Bullish holds extensive Bitcoin reserves, making it the fifth-largest publicly traded Bitcoin holder. This treasury of over 24,000 BTC may influence the broader Bitcoin market dynamics once trading begins.
Potential outcomes of Bullish’s IPO include greater integration with major assets like BTC. Historical events such as Coinbase’s 2021 debut have shown how crypto IPOs can lead to temporary price appreciation within the ecosystem, sparking increased investor attention.
