Bullish由前纽交所总裁Tom Farley领导，专注于服务机构投资者，旗下拥有加密新闻网站CoinDesk，其 平台自2021年推出以来总交易量已超1.25万亿美元。CEO Tom Farley认为，机构投资者进入加密货币市 场已是大势所趋。 Bullish是今年美股加密企业上市潮中的一员，此前稳定币发行商Circle上市首日股价也大涨168%。尽管 Bullish曾于2021—2022年尝试SPAC合并上市失败，但此次成功上市反映了市场对区块链技术驱动金融 业务潜力的认可。公司在2023年收购了加密行业媒体CoinDesk，并获得Peter Thiel等知名投资者支持。 CoinDesk母公司Bullish在美股上市首日表现强劲，收盘涨近84%，Bullish以37美元的发行价在纽交所上 市，开盘价即上涨143%，盘中涨幅一度超过200%，收盘价为68美元。 ...

Core Viewpoint - Bullish's IPO has significantly outperformed expectations, reflecting strong institutional interest in the cryptocurrency sector, with a notable increase in stock price on its debut [2][5][10]. Group 1: IPO Performance - Bullish's IPO raised $1.1 billion with an initial offering price of $37, which was 12.1% to 15.6% higher than the revised guidance range of $32 to $33 [5][8]. - The stock opened at $90, a 143% increase from the IPO price, and reached a peak of $118, marking a 219% increase during trading [2][3]. - The closing price was $68, reflecting an 84% increase on the first day, with the company's market capitalization nearing $10 billion [2][3]. Group 2: Institutional Interest - Major institutional investors, including BlackRock and ARK Invest, expressed interest in purchasing up to $200 million in shares, indicating strong confidence in the cryptocurrency market [6][9]. - The allocation of approximately 20% of shares to retail investors was higher than the typical allocation of less than 10%, aimed at stabilizing stock price volatility [9]. Group 3: Market Context - Bullish is part of a growing trend of cryptocurrency companies going public, following the successful IPO of Circle, which raised over $1 billion and saw a 168% increase on its first day [10]. - The overall IPO market in the U.S. has shown robust performance, with a 58% year-on-year increase in the number of IPOs valued over $50 million [10]. Group 4: Company Background - Bullish, led by former NYSE president Tom Farley and backed by billionaire Peter Thiel, focuses on serving institutional investors and has a trading volume exceeding $1.25 trillion since its launch in 2021 [7][13]. - The company acquired CoinDesk in 2023, enhancing its position in the digital asset space [12][13].