Bullish Raises $1.1 Billion in Oversubscribed IPO, Setting Market Valuation at $5.4B

Bullish, a digital asset trading platform, achieved an oversubscribed initial public offering (IPO) of $1.1 billion, exceeding expectations and listing on the NYSE under the symbol BLSH. The offering underscores growing institutional interest in cryptocurrency markets, with significant investments from BlackRock and ARK Investment Management. Bullish’s valuation is now pegged at $5.4 billion, reflecting strong demand for its platform.