BLSH is now a publicly traded company, with shares available on the New York Stock Exchange. On its first trading day (August 13, 2025), the stock opened at $90 per share, surged to a peak of $118, and eventually closed at $68. By the closing bell, investors had locked in profits even though the size of those gains varied.
1. What is BLSH?
To start with, BLSH is the ticker symbol for Bullish, a crypto exchange founded in 2021 by:
- Brendan Blumer
- Tom (Thomas W.) Farley—led the NYSE between 2014 and 2018.
Bullish is a subsidiary of Block.one, a blockchain firm popular for the EOSIO protocol.
Ever since being founded by Blumer and Farley, the cryptocurrency exchange has attracted many notable investors, including:
- Peter Thiel—co-founded PayPal and invested in Facebook, SpaceX, Stripe, Airbnb, and other big brands.
- Alan Howard—also invested in BitPanda and other fintech-cryptocurrency ventures.
- Louis Bacon—his investment portfolio includes Apple, Inc., MasterCard, Netflix, and Block.one.
- Richard Li—the owner and chairman of Pacific Century Group (PCG).
- Christian Angermayer—a billionaire with a diverse investment portfolio across fintech, crypto, energy & natural resources, sports, hospitality, and more.
- Mike Novogratz—a leading investor in many sectors, including biotech, life sciences, decentralized finance, and so on.
2. What does the Bullish company do?
As stated earlier, Bullish is a cryptocurrency exchange firm. For starters, a crypto exchange allows users to purchase, sell, or exchange digital currencies or assets online. It can be either a website, a mobile app, or both.
In the case of BLSH, this digital currency platform is only available as a website. The company has not yet released a mobile app version of the platform. This means it’s not available on mobile platforms such as Android’s Play Store or Apple’s App Store.
If you come across any cryptocurrency trading app called Bullish on any of these mobile app marketplaces, know that it’s not an offering of the official Bullish exchange. It could likely be a scam, impersonating BLSH. Exchange impersonation scams have been on the rise over the past few years. This post provides an in-depth coverage of these types of scams.
BLSH IPO Pricing
Bullish had been seeking to raise approximately $629.3 million through an ambitious IPO drive.
To achieve this, the company, together with its underwriters (J.P. Morgan, Goldman Sachs, Jefferies, and Citigroup), set the initial share price at $37 ahead of its NYSE debut on August 13, 2025.
The 30 million IPO shares were first made available exclusively to institutional investors and select high-net-worth individuals before the public listing. Notably, BlackRock and ARK Investment Management each committed $200 million, with each firm acquiring roughly 5,405,405 BLSH shares a piece.
When BLSH shares began trading on the NYSE a few hours later, early investors effectively set the tone for the market. The stock opened at $90 per share, surged briefly to $118, and then settled between $68 and $70 by the close.
It’s worth noting that Bullish only raised funds from the initial $37-per-share sales to institutional investors and select private investors. Subsequent trades at the higher prices of $90, $118, $68, or $70 per share represented transactions between those early investors and the subsequent market participants.
Ultimately, the BLSH IPO project resulted in the crypto exchange raising over $1.1 billion, surpassing its initial target of just over half a billion dollars.
Investors Make Up To 220% from the Debut of BLSH IPO On The NYSE
The debut of BLSH on the New York Stock Exchange delivered promising results, with early investors securing returns ranging from about 84% to over 200%. Institutional buyers who acquired shares at the IPO price of $37 and sold them as soon as trading opened the next day enjoyed profits of more than 140%. Those who sold at the peak of $118 per share reaped the largest gains, nearly 220%. Meanwhile, investors who sold at $70 per share earned just over an 89% return, while those who exited at $68 locked in an 84% gain.
Overall, every investor walked away with a profit, just at different levels.
Key Takeaways from The BLSH Exchange IPO
Contrary to popular belief, success in investing isn’t about being exceptionally smart, a genius, lucky, or privileged. Instead, it often comes down to two key factors:
- Taking risks at the right moment – As yesterday’s events showed, the most profitable moment to sell Bullish stock was when it peaked at $118 per share. Investors who sold at $90, $70, or $68 still made money, but not as much as those who exited at the peak.
- Having the right networks and connections – Without ties to Bullish, institutional investors and high-net-worth individuals wouldn’t have gained access to buy BLSH shares at $37 per share, shares they later sold for gains of over 220%. In other words, sometimes it’s about knowing the right people in the right places.
The bigger questions are:
1. How do you determine the opportune moment to take an investment risk?
Answer: By tracking market activity closely, understanding price trends, and being ready to act quickly when prices spike. It’s more about recognizing and seizing the right opportunity when it presents itself.
2. How do you establish the right business networks and connections?
Answer: By cultivating relationships within the industry. Always attend relevant events, collaborate with key players, and position yourself where information and opportunities circulate. If you want exclusive, lucrative deals the wider market never sees, be part of the right circles.
Final Thoughts
BLSH is now a publicly traded cryptocurrency exchange backed by major brand-name investors. Anyone can now buy the stock on the NYSE and become part of the company. Today, the stock opened at $74.27, up from yesterday’s closing price of $68.
This is a young but promising entity with the potential for significant growth. Its stock could one day reach valuations seen in giants like Apple, Amazon, and Facebook. Remember, most of today’s most valuable companies didn’t start at sky-high prices. For example, Facebook’s IPO shares were priced at $38, Amazon’s at $18, and Apple’s at $22. Bullish entered the market at $37 per share, putting it in a similar range to where many industry leaders began.
Would you invest in Bullish stocks if you were looking for company stocks to buy? Comment below and let us know your thoughts.