Bullish, the cryptocurrency exchange operator that also oversees the crypto media platform CoinDesk, has just priced its highly anticipated IPO at $37 per share, creating fresh momentum in the resurging digital asset market.

The company raised approximately $1.11 billion through the sale of 30 million shares, giving it a valuation of around $5.41 billion. This outcome exceeded earlier expectations and marked one of the standout IPO moves in the crypto space in 2025.

Backing from heavyweight institutional investors (BlackRock and Cathie Wood’s ARK Invest) further fueled the enthusiasm. Both firms expressed interest in purchasing up to $200 million worth of shares, signaling strong confidence in Bullish’s market positioning.

This successful IPO is already being seen as a bellwether for a broader crypto IPO revival. After a protracted lull, 2025 has seen multiple crypto companies go public, including Circle Internet and Figma, taking advantage of shifting sentiment and clearer regulatory frameworks. Continue reading Bullish IPO Soars: Crypto Exchange Hits $5.4 Billion and Sees 62% Jump Day One →