Bullish Inc. (BLSH)
NYSE NYSE Primary 
Bullish Stock 2x To $140?
Bullish (NYSE:BLSH) stock surged after its IPO earlier this month. The listing was priced at $37 per share, and the stock jumped nearly 3x in early trading before pulling back on volatility.
What's Happening With Bullish Stock
Bullish (NYSE:BLSH) stock experienced a significant increase following its IPO last Wednesday. Although the listing was set at $37 per share, the stock surged to $118 during early trading before stabilizing around $63 after another sharp sell-off on Monday.
Bullish: Hard To Be Bullish
Bullish shares have soared post-IPO but remain highly volatile and disconnected from underlying business fundamentals. Core exchange revenues are modest, with profitability driven mainly by volatile fair value gains on crypto holdings, not recurring operations. The valuation is extremely stretched, with a $10 billion market cap despite annualized revenues near $200 million and ongoing adjusted losses.
U.S. IPO Weekly Recap: Bullish And Miami International Complete The Last Major IPOs Of The Summer
Eight issuers listed in the US this past week, six of which were eligible for inclusion in our IPO stats, joined by two SPACs. There are no IPOs currently scheduled for the week ahead, though some small issuers may still price. Street research is expected for seven companies in the week ahead, and three lock-up periods will be expiring.
Bullish Stock: Buy The Hype?
Bullish (NYSE:BLSH) stock surged by over 80% following its IPO listing on Wednesday. While the listing was priced at $37 per share, the stock closed at about $68 per share.
Bullish: No Bearish Case Here
Bullish is a rapidly growing, institutionally focused digital asset platform with strong regulatory positioning and experienced leadership. The company boasts impressive trading volume growth, diversified revenue streams, and a robust balance sheet supporting its ambitious expansion plans. Valuation appears attractive relative to the benchmark, with a massively lower P/B ratio.
Bullish Stock Jumps After Soaring 80% in Trading Debut. Why the Gains Keep Coming.
The CoinDesk owner had a strong trading debut and looks set for more gains Thursday.
