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BLSH
CNBC
6 days

Crypto exchange Bullish more than doubles in NYSE debut after pricing IPO above expected range

1. Bullish raised $1.1 billion in its IPO, valuing the company at $5.4 billion. 2. Stock opened at $90, 143% above IPO price, later hitting $102.44. 3. Institutional interest in crypto is strong, signaling a market shift. 4. Trading volume since launch exceeds $1.25 trillion as of March 31. 5. Company previously attempted IPO, now benefitting from favorable crypto regulations.

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FAQ

Why Very Bullish?

Bullish's IPO success indicates strong demand for crypto assets, similar to past successes like Circle's IPO.

How important is it?

The significant IPO raise and positive institutional sentiment are crucial for BLSH's growth trajectory.

Why Short Term?

Immediate market reactions from IPO are likely to impact stock prices quickly, as seen historically.

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