Bullish是一家总部位于开曼群岛的数字资产平台，提供交易和信息服务。该公司计划发行2030万股股 票，定价区间为每股28至31美元，预计筹资约5.99亿美元。部分投资者已承诺认购价值2亿美元的股 票，占发行总额的33%。 Bullish旗下品牌包括提供交易和流动性基础设施的Bullish Exchange，以及提供指数、数据和洞察的信息 服务CoinDesk。 Bullish成立于2020年，截至2025年3月31日的12个月营收为1.67亿美元。摩根大通、杰富瑞、花旗等机 构是此次IPO的联席账簿管理人。 ...

🔎 INSIGHT: Circle’s IPO success inspires wave of crypto firms to consider going publicAnalysts say public listings could boost mainstream adoption, not a threat to altcoins. https://t.co/EWfNwG743j ...

So basically...>CEO of Figma FUD'd his own company for insiders to get better entry>60% of supply to early employees>no lockup or vesting on any of the tokens, erm...'shares'>lined up KOLs to bullpost the launch>Dumped on retail after a 5xSo basically IPOs are just bundled launchpad shitters in real life.Game is gameTechmeme (@Techmeme):Source: Figma considered a higher IPO price, but its CEO wanted to bring on board certain long-term institutional shareholders and signed off on $33 per share (@anthug / Blo ...

Today, the cryptocurrency's reverse course following Friday's sell-off. Crypto exchange bullish targets a more than $4 billion valuation in its US IPO. And Bitwise CIO Matt Hogan weighs in on what crypto investors can expect in August and whether the pullback is over.Welcome to CNBC's Crypto World. I'm Mackenzie Sagalos. Major cryptocurrencies along with stocks bouncing to kick off the week after a shaky start to August sparked by concerns over the economy and a new round of tariffs from the Trump administr ...

You include figma among the companies that you've been serving. You saw the demand running into the IPO. Can that be replicated began.Sure. Thanks for having me. Figma was really an encapsulation of a lot of things that the public market has been waiting for.You have a really strong growth story, 50% plus growth year over year profitability. There's AI in the tech stack. I think any company going public in the next year or so is going to have to have some AI component and they have a strong brand.And actual ...

Space tech firm Firefly has increased the potential size of its IPO to as much as $697 million, according to a SEC filing https://t.co/FHPNq0zr7g ...

Congrats to Barry on reprising his role as Chairman of Grayscale as it heads toward IPO ...

Today in Bloomberg Deals: Armis' CEO talks IPO timing, CommScope is selling its broadband unit and private equity has a lifeline for at-risk analysts https://t.co/oEjMXnJtR9 ...

Peter Thiel-backed crypto platform Bullish files IPO, aims to raise up to $629 million https://t.co/Crrff7LQqt ...

Core Insights - Figma made a remarkable debut on the public markets, with its stock price rising to $122 from an initial listing price of $33, resulting in a market cap of approximately $60 billion, marking the largest first-day gain for a U.S. IPO valued over $1 billion in nearly 30 years [2] Financial Performance - Figma reported revenue of $228.2 million for the quarter ending March 31, reflecting a 46% year-over-year increase, positioning it for an annual revenue run rate of $913 million [3] - The current market cap translates to a price-to-sales multiple exceeding 60x, significantly higher than mature competitors like Adobe, which stands at about 7.5 times forward sales [3] Competitive Landscape - Figma faces competitive pressure from Microsoft, which is integrating design tools into its Office 365 suite, potentially attracting more enterprise users [4] - Smaller competitors like Canva are expanding their product offerings, and emerging AI-native tools from companies such as OpenAI could disrupt traditional design platforms [4] Market Expansion Potential - Figma's long-term success hinges on its ability to expand its user base beyond designers to include software developers, marketers, and cross-functional teams, necessitating significant product innovation [5] - The broader creative software market is projected to reach $15.4 billion by 2025, while the global software market is expected to exceed $700 billion, with enterprise software comprising a substantial portion [5] Enterprise Customer Dynamics - Figma has over 13 million users, but only about 1,000 large enterprise customers who pay over $100,000 annually, indicating that its enterprise footprint is still developing [6] - Failure to deepen relationships with high-value clients or accelerate enterprise adoption could limit long-term revenue scalability and margin expansion [6] Share Liquidity Considerations - Approximately two-thirds of Figma's shares are held by insiders, subject to a 180-day lock-up agreement, which will expire around January 2026, potentially increasing share supply in the market [7][8] - If many insiders choose to sell their shares post-lock-up, it could exert downward pressure on Figma's stock price [8]