Breaking: Bullish Exchange IPO Could Make Millions Laugh (or Cry) 😂💸

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What You *Really* Need to Know:

  • Bullish is throwing its hat into the New York Stock Exchange ring with plans to sell 20.3 million shares at $28-$31 each. Let’s hope they’re not selling snake oil. 🐍
  • If they hit the high end of that price range, they’ll rake in a cool $629 million. That’s enough to buy a small island—or maybe just one overpriced avocado toast per shareholder. 🏝️🍞
  • BlackRock and ARK Investment Management are apparently lining up like it’s Black Friday, ready to grab $200 million worth of shares. Someone get these folks a shopping cart. 🛒

Ah yes, Bullish—the crypto exchange platform that also owns CoinDesk—is about to make its grand debut on Wall Street. They’ve filed their fancy F-1 document with the SEC, because nothing screams “trust me” like paperwork thicker than your grandma’s lasagna. 📜🍝

The ticker? “BLSH.” Sounds like what happens when you accidentally sneeze during dinner. Bless you, indeed. Gesundheit!

And here’s the kicker: underwriters can add another 3.045 million shares if demand spikes. Because why stop at half a billion when you can go for broke? Or… well, actually, they might already be broke. In Q1, they lost $349 million—ouch. But hey, at least they made $80 million last year. Progress? 📉🤷‍♂️

Oh, and let’s not forget their second-quarter net income estimate: somewhere between $106 million and $109 million. Not bad for a company whose business model probably involves more math than NASA’s budget department. 🚀📚

So there you have it, folks. Will this IPO take off like a rocket or crash harder than a soufflé? Stay tuned—and keep your wallets close. 💼✨

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2025-08-04 17:35