Core Viewpoint - The cryptocurrency market is experiencing heightened sentiment with Bitcoin prices around $120,000 and Circle's stock surge following its IPO, while Bullish is set to test investor enthusiasm for Bitcoin and its own IPO [1] Group 1: Bullish IPO Details - Bullish plans to go public with an IPO offering of 30 million shares at a price range of $32 to $33, up from the initial plan of 20.3 million shares at $28 to $31 [1] - At an offering price of $33 and a total share count of 150.7 million, Bullish's market capitalization is projected to reach $5 billion [1] - The CEO of Bullish is Tom Farley, former president of the Intercontinental Exchange, who will also serve as chairman post-IPO [1] Group 2: Financial Performance and Projections - Bullish reported a loss in Q1 2025, contrasting with a profit in the same period last year, but anticipates a net profit of $106.1 million to $109.1 million in Q2 this year [2] - The company holds approximately $2 billion in crypto assets, primarily Bitcoin, with some Ethereum and stablecoins, which could benefit from rising cryptocurrency prices [2] Group 3: Market Position and Analyst Insights - Analysts suggest that Bullish's focus on Bitcoin and Ethereum trading may present lower risks compared to exchanges reliant on retail trading of smaller cryptocurrencies, like Coinbase [2] - The institutional client base of Bullish is expected to provide more stable performance compared to retail platforms, which often see concentrated investments in smaller coins during bull markets [2] - Despite inherent volatility in cryptocurrency-related assets, the current market conditions with Bitcoin nearing historical highs and institutional investments flowing in suggest a more optimistic long-term outlook for Bullish [2]
机构大咖加持助阵！加密货币交易所Bullish(BLSH.US)即将登陆美股市场 市值瞄准50亿美元
Zhi Tong Cai Jing·2025-08-12 22:24