Bullish Soared on Its First Trading Day. Should You Buy BLSH Stock?

Bullish (BlSH), a coding exchange supported by the Peter Thil Institutional Fund, among other power investors, for the first time in the amazing market under the supervision of Ticker Blsh yesterday, on August 13, the company priced the subscription of the subscription at $ 37 per share, which exceeds 32 dollars expected $ 33, and raised approximately 1.1 Dollars with 30 million shares sold.

On the first day, Bullish’s shares rose, reaching about 118 dollars, which led to an amazing profit from the public subscription price. The investor’s appetite was so intense that trading was operated in the volatility. Due to its prominent support and positive investor feelings, do you have to add BLSH to your wallet?

Bullish is a platform for coding and digital assets based in the Kayman Islands. Bullish is particularly noticeable as the owner of Coindsk, Dodto Crypto News, Data, and Index provider, after its acquisition in 2023.

When Bullish was publicly published yesterday, she raised about $ 1.1 billion and set an initial rating of about $ 5.4 billion. Payed with the enthusiasm of the investor and the shares appeared for the first time in the stocks, the market ceiling has risen, reaching about 10 billion dollars currently.

Bullish’s first appearance on the New York Stock Exchange was not less than dramatic. At $ 37 per share, which is already higher than the revised offer, trading has opened about 90 dollars, immediately increasing about 143 % higher than the public subscription price. The momentum continued in the middle of the day, with the shares raised to $ 118, which represents an amazing jump by 218.9 % during the offer price. Closely, Al -Saudiya settled about $ 68, still achieved an impressive profit of 83.8 % of the public subscription price.

As of this day, BLSH sits about $ 74.

BLSH shares not only challenged expectations, but also stressed the intense enthusiasm of an investor for institutional encryption platforms.

Bullish’s financial disclosure, as shown in the SEC F-1 file on July 18, reveals the rapid growth and disruption of the encryption sector. The company oscillated from a net profit of $ 104.8 million in the first quarter of 2024 to a net loss of about 348.6 million dollars in the first quarter of 2025. However, the rise in 2024 ended with a net income of 79.6 million dollars, indicating its ability to generate profitability in the favorable market conditions.