Last week, Bullish (BLSH) successfully went public, with all Futu clients receiving allocations. Most clients were allocated 92 shares. On its first day of trading, Bullish opened at a price of $90, a surge of over 143% from the issue price of $37. The stock price subsequently reached as high as $118, an increase of nearly 219%, allowing for potential gains of nearly HKD 60,000 at the peak intraday price. As of the market close on August 15, Bullish had a market capitalization of $10 billion. Bullish operates a digital asset trading platform and owns the well-known cryptocurrency media outlet CoinDesk. It is the first cryptocurrency company to go public following the passage of the 'Genius Act.' Following Coinbase and Bullish, the cryptocurrency exchange Gemini is preparing to list on the Nasdaq in the United States under the ticker symbol 'GEMI,' with Goldman Sachs and Citigroup acting as lead underwriters. If successful, Gemini will become the third cryptocurrency exchange to go public in the U.S. stock market. What are your thoughts on Bullish's future performance? Do you have confidence in the listing performance of cryptocurrency exchanges?
Last week, Bullish (BLSH) successfully went public, with all Futu clients receiving allocations. Most clients were allocated 92 shares. On its first day of trading, Bullish opened at a price of $90, a surge of over 143% from the issue price of $37. The stock price subsequently reached as high as $118, an increase of nearly 219%, allowing for potential gains of nearly HKD 60,000 at the peak intraday price. As of the market close on August 15, Bullish had a market capitalization of $10 billion. Bullish operates a digital asset trading platform and owns the well-known cryptocurrency media outlet CoinDesk. It is the first cryptocurrency company to go public following the passage of the 'Genius Act.' Following Coinbase and Bullish, the cryptocurrency exchange Gemini is preparing to list on the Nasdaq in the United States under the ticker symbol 'GEMI,' with Goldman Sachs and Citigroup acting as lead underwriters. If successful, Gemini will become the third cryptocurrency exchange to go public in the U.S. stock market. What are your thoughts on Bullish's future performance? Do you have confidence in the listing performance of cryptocurrency exchanges?