Cryptocurrency Enthusiasts' Delight: Thiel Shows Optimism After IPO - Wood Swiftly Reacts
In an exciting turn of events, Bullish, a prominent crypto firm, successfully completed its Initial Public Offering (IPO) last Wednesday. The offering, which raised approximately $1.1 billion, resulted in a market capitalization of around $13.7 billion for the company.
The IPO saw the stock open at $90, a significant 143% increase from the IPO price of €37.00 ($37.00). The stock price even reached an intraday high of €118.00 ($118.00), more than tripling the IPO price. The strong demand for shares led to the IPO being upsized from an initial 20.3 million shares to 30 million shares.
Notably, funds managed by ARK Investment Management, led by Cathie Wood, showed a strong interest in buying up to €200 million ($200 million) worth of shares at the IPO price, indicating a significant investment stake. However, it's important to note that Cathie Wood does not hold an official leadership or ownership role in Bullish, as per the available data. Her involvement appears primarily as an institutional investor through ARK.
Following the IPO surge, the stock price of Bullish rebounded significantly on Thursday. Subscribers to DER AKTIONÄR can log in now to access the latest updates on this developing story.
For those interested in the crypto space, Bullish's successful IPO and the subsequent rebound in its stock price serve as a testament to the growing interest and potential in this sector. As always, it's essential to conduct thorough research and consider your investment goals before making any decisions.
[1] Source: CoinDesk [2] Source: Bloomberg [3] Source: Business Insider [4] Source: The Wall Street Journal [5] Source: Reuters
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