High-profile asset management firms BlackRock and Ark Investment Management have shown interest in accumulating a notable stake in BLSH stock. Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail. Bullish swung to a $349 million loss for the quarter ended March 31, compared with a profit of $105 million a year earlier, reflecting a fall in fair value of its crypto holdings. It also operates crypto news website CoinDesk, which it acquired from Barry Silbert’s Digital Currency Group in 2023. Diane King Hall takes a closer look behind Nvidia’s (NVDA) investment into Intel (INTC) and how the two companies will combine their tech.
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With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist bullish harami cross candlestick pattern at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis. CEO Tom Farley said that “the digital assets industry is at the inflection point of institutional adoption and Bullish is uniquely positioned at the center of this market.”
According to 11 analysts, the average rating for BLSH stock is “Buy.” The 12-month stock price target is $56.9, which is a decrease of -17.99% from the latest price.
You can use Drive for desktop to keep your files in sync between the cloud and your computer. Syncing is the process of downloading files from the cloud and uploading files from your computer’s hard drive. After syncing, the files on your computer match the files in the cloud. If you edit, delete, or move a file in one location, the same change happens in the other location.
High-efficiency crypto trading for BTC, ETH, and other digital assets.
That way, your files are always up to date and can be accessed from any device. Bill McColl has 25+ years of experience as a senior producer and writer for TV, radio, and digital media leading teams of anchors, reporters, and editors in creating news broadcasts, covering some of the most notable news stories of the time. Companies leveraging crypto and related technologies have rallied on friendly policymaking from the Trump administration, such as the recent passage of the GENIUS Act, which provides an initial regulatory framework for stablecoins. Profit and prosper with the best of Kiplinger’s advice on investing, taxes, retirement, personal finance and much more. Smith adds that experienced IPO investors tend to have a “healthy amount of Good FOMO across market cycles,” and are able to “keep their emotions in check, know that volatility is not risk, and use risk controls like stop-losses.”
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Visit legal for more important information and risk warnings. When you install Drive for desktop on your computer, it creates a drive in My Computer or a location in Finder named Google Drive. Any new files or folders you create in Drive or Drive for desktop sync and appear on all your devices. And based on the 30 million shares it said it will sell in its offering, Bullish raised $1.1 billion in its IPO.
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Bullish is seeking up to $629.3 million by offering 20.3 million shares priced between $28 and $31 each, marking its second attempt to go public in four years. If you miss the initial public offering pop, there’s almost always a chance to buy the dip. Bullish stock price has been in a free fall since its listing in August. After peaking at $117, it has plunged to $52, erasing billions of dollars in value as its market capitalization fell to $7.65 b… Bullish has shown strong institutional interest post-IPO, reporting robust Q2 results and a swing to profitability, despite shares being down 21% since going public.
Core exchange revenues are modest, with profitability driven mainly by volatile f… Bullish has seen volatile trading since its IPO, with shares down over 50% from their initial spike. BLSH’s revenue is heavily reliant on crypto holdings, with transaction income declining and CoinDes… You can manage how much local storage you use and where your content is located by configuring Drive to stream or mirror your files and folders. The Peter Thiel-backed crypto company went public on August 13, and BLSH stock nearly doubled in its market debut.
About BLSH
The company also said in its regulatory filing that its underwriters, which include JPMorgan, Jefferies and Citigroup, have the option to sell an additional 4.5 million shares over the next 30 days. Bullish, whose CEO Thomas Farley previously served as president of the New York Stock Exchange, operates a crypto-trading exchange targeting institutions. Bullish shares have soared post-IPO but remain highly volatile and disconnected from underlying business fundamentals.
- After peaking at $117, it has plunged to $52, erasing billions of dollars in value as its market capitalization fell to $7.65 b…
- Meanwhile, public crypto exchange Coinbase reported a drop in second-quarter adjusted profit on Friday, due to a slowdown in trading, which dragged its shares down nearly 17%, even though the company recorded portfolio gains.
- According to 11 analysts, the average rating for BLSH stock is “Buy.” The 12-month stock price target is $56.9, which is a decrease of -17.99% from the latest price.
- In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
- After syncing, the files on your computer match the files in the cloud.
- According to Renaissance Capital, there have been 133 IPOs priced this year through August 13, a 58% increase from the year prior.
As for its market debut, shares opened today at $90, hit an intraday high of $118, and settled at $68. J.P.Morgan, Jefferies and Citigroup are the lead underwriters. Bullish, backed by billionaire Peter Thiel, plans to convert a significant portion of the IPO proceeds to U.S.-dollar-denominated stablecoins with the assistance of one or more issuers of such tokens, it said in the filing. Bullish obtains New York DFS BitLicense, unlocking Q4’2025 US market entry Q2’2025 Digital asset sales of $58.6 billion and net income of $108.3 million Q2’2025 Adjusted Revenue of $57.0 million and A…
- You can manage how much local storage you use and where your content is located by configuring Drive to stream or mirror your files and folders.
- She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm.
- Bullish stock price has been in a free fall since its listing in August.
- A host of investment banks release their first research notes on the crypto company after its initial public offering last month.
In its prospectus, the company reported its first-quarter trading volume grew 78% from 2024, and it had an average daily volume of $2.55 billion. For retail investors, whether or not you buy the Bullish IPO comes down to your own risk tolerance and personal investing goals. If you do decide to buy shares of BLSH stock when they first begin trading, do so in a small amount that you can afford to lose and have a trading plan in place. Bullish priced its offering at $37 per share on August 12, above the previous range of $32 to $33 per share. And following in the footsteps of these successful offerings is Bullish, a Peter Thiel-backed cryptocurrency exchange and owner of CoinDesk, which began trading on August 13 on the New York Stock Exchange under the ticker symbol “BLSH.” Services are available to eligible customers in select locations.
She later talks about Reddit’s (RDDT) leap to an all-time hig… In 2024, Bullish’s revenue was $250.26 billion, an increase of 114.80% compared to the previous year’s $116.51 billion. With tier-1 licenses and a deeply liquid global order book, Bullish offers tight spreads and low fees to institutions and advanced traders.
According to Renaissance Capital’s Kennedy, investors will focus on “how efficient (Bullish is) and how profitable it is as a pure exchange, without the impact of quarterly price changes.” Some investors tend to overlook the impact of quarterly swings in crypto prices when evaluating such companies, analysts have said. At the top of its proposed range, the company will list at a more than 52% discount to its $9 billion valuation target in a 2021 blank check merger that it called off in 2022, citing regulatory hurdles.
Meanwhile, public crypto exchange Coinbase reported a drop in second-quarter adjusted profit on Friday, due to a slowdown in trading, which dragged its shares down nearly 17%, even though the company recorded portfolio gains. In a regulatory filing Monday, the company said it would be offering for sale 20.3 million shares at a price range of $28 to $31 each, or as much as $629.3 million. In addition, the underwriters have 30 days from the publication of the prospectus to purchase another 3.045 million shares. Bullish added that it planned to initiate the IPO “as soon as practicable after this Registration Statement becomes effective.” Bullish, the cryptocurrency exchange backed by billionaire Peter Thiel, said it would be seeking a valuation of more than $4 billion in an initial public offering (IPO).
Activity in the initial public offering (IPO) market is accelerating following a slowdown this spring. According to Renaissance Capital, there have been 133 IPOs priced this year through August 13, a 58% increase from the year prior. A host of investment banks release their first research notes on the crypto company after its initial public offering last month. Shares of Bullish (BLSH) surged Thursday after the cryptocurrency exchange backed by billionaire Peter Thiel reported that it posted a profit on higher sales and trading volume. Bullish recently completed a high-profile IPO and is positioned for growth with U.S. crypto market entry and crypto options trading. The institutional crypto exchange reported mixed Q2 ’25 results, wi…