Crypto Exchange Bullish Prices IPO at $37 per Share, Above Expected Range \ stacker news ~Stacker

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Crypto Exchange Bullish Prices IPO at $37 per Share, Above Expected Range www.cnbc.com/2025/08/13/crypto-exchange-bullish-prices-ipo-at-37-per-share-ahead-of-nyse-debut.html

251 sats \ 11 comments \ @Cje95 13 Aug Stacker_Stocks

I opted to not buy this one at the last second but the indicators according to CNBC are that it will trade at $55-60 dollars once its first trade occurs.

Crazy how it was going to be priced in the 20’s at first and now it has climbed to the company setting it at $37 and that's still almost $20 less than what it'll open at trade at!

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105 sats \ 10 replies \ @grayruby 13 Aug

Definitly what the world needed. Another shitcoin casino.

What makes this one different than the other 50? All the crypto people rushing for their fiat bags before the music stops.

119 sats \ 6 replies \ @Cje95 OP 13 Aug

I had no idea this company existed until it popped up on my Robinhood app 😂

It seems that at least with them they are seeing how these IPO’s are taking off and so they are raising their prices accordingly.

I just googled them and somehow they own CoinDesk?!?! I'm bamboozled by thay

55 sats \ 5 replies \ @grayruby 13 Aug

I know they are backed by Peter Thiel. I think I owe you another 100 sats for the Glasnow trade. Do you want to shoot me an invoice or address.

97 sats \ 4 replies \ @Cje95 OP 13 Aug

Yeah they are backed by Thiel just googled it! It looks like Bullish is more for institutional clients than your regular folks… they have done $1.25 trillion in trading volume….

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82 sats \ 3 replies \ @grayruby 13 Aug

More competition for Coinbase. Banks will be in that game soon too. All these legacy crypto companies and projects (like ethereum) have a moat and inertia right now but it is going to be tough for them to sustain their (being polite here) lofty valuations with the coming competition. I saw circle is building their own layer 1, and Stripe is using their own database for stablecoin payments, robinhood doing real world asset tokenization but not on ethereum. All these eth proponents saying it should be worth 10x because the entire new finance landscape will be built on top seem wrong again.

40 sats \ 2 replies \ @BlokchainB 13 Aug

Yeah it’s going to cannibalize itself. Just the marginal buyer of this crap is long gone.

But this IPO is a traders dream you can pump your bags via suckers looking to speculate

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40 sats \ 2 replies \ @BlokchainB 13 Aug

Hahaha this one is different it’s backed by Peter Thiel

74 sats \ 1 reply \ @grayruby 13 Aug

Thiel is a massive shitcoiner now. He used to come to Bitcoin conferences and say Bitcoin was going to change the world and fuck the fed. Now he thinks all the upside is gone and "crypto" pump and dumps are the way to go.

40 sats \ 0 replies \ @BlokchainB 13 Aug

Yeah sad but true. The only thing I give a silver lining to shitcoiners is that donate gobs of money to the defense of some of these developer prosecutions.

But they got gobs of money to play the political fiat game