Bullish debuts in the New York Stock Exchange after raising USD $ 1.1 billion

The cryptocurrency exchange backed by Peter Thiel achieves an assessment of USD $ 5,410 million in its initial public offer, exceeding market expectations.

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• Bullish He set the price of his shares at USD $ 37, above the reviewed range of USD $ 32– $ 33.
  
• The operation was led by JPMorgan, Jefferies and Citigroup, with interest of Blackrock and Ark Invest.
  
• The debut reinforces the Crypto companies in the US. Uu. Reaching the stock market under a more favorable regulatory environment.

Bullish, The commercial cryptocurrency platform backed by investor Peter Thiel, debuted today in the New York Bag (NYSE) With a collection of USD $ 1,110 million, after placing 30 million shares at a price of USD $ 37 per unit. The figure exceeded the revised range of USD $ 32– $ 33, reflecting a strong interest on the part of investors.

According to reports published today, the operation grants to Bullish An approximate valuation of USD $ 5.410 million. The actions are negotiated under the ticket BLSH According to Bloomberg, The group of banks in charge of the placement included JPMorgan, Jefferies and Citigroupwhile Blackrock and Ark Invest They expressed interest in acquiring up to USD $ 200 million in shares.

A debut driven by demand

The success of the IPO is produced after an intense marketing campaign. Earl this week, Bullish The offer size had raised and the price range with the goal of raising up to USD $ 990 million. However, the lawsuit even exceeded those forecasts, which led to a greater final result.

Bullish submitted his confidential registration application in June and, a month later, he delivered the public documentation before the US stock and values commission. UU. (SEC). This is his second attempt to quote on the stock exchange, after a previous agreement with a special purpose company (SPAC) It will be frustrated in 2022.

A favorable environment for crypto -companies

The debut of Bullish It is part of a reopening of the American capital market for companies in the crypto sector, which seek to take advantage of the liquidity window of public markets. This trend is backed by more favorable regulatory signals, such as the approval of the law Genius, and an upward market where the main cryptocurrencies stand out registering quite high prices.

Circle, stablecoin station USDC, He starred in June one of the most successful public offers of the year, with a 500% rise in his shares a few weeks after his IPO. Other relevant actors, such as Figure Technology From Mike Cagney, Grayscale and Bitgo, They have also submitted documents to quote.

Strategy and projection

The entrance of Bullish to NYSE Not only does it represent a milestone for the company, but it reinforces the narrative that cryptocurrencies and their associated platforms are consolidating their space in traditional markets. The combination of institutional support, a business model aligned with the demand for digital assets and a more predictable regulatory environment could sustain interest in the medium term.

Reports indicate that the initial performance of the actions and the evolution of the negotiation volume will be key to determining the strength of the investment appetite towards this type of assets. In this context, Bullish It adds to a growing group of companies that bet on a solid bridge between traditional finances and the crypto ecosystem.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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