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New 💩coin exchange Bullish (BLSH) IPO available on Robinhood. Staying away!

222 sats \ 10 comments \ @BlokchainB 5 Aug Stacker_Stocks

I never heard of this company but here they are getting ready to dump on retail so early investors can cash out.

I opened the prospectus and saw this and thought ugh here we go again.

Then from the CEO himself:

I followed my intuition about this innovative idea and invested $10 million of NYSE Group’s balance sheet in my neighbor’s new employer in early 2015. That startup was Coinbase. In the years since that investment, although it remains volatile, the price of one Bitcoin has risen from well under $1,000 to more than $100,000. At the same time, the digital assets industry has grown exponentially, largely on the backs of incredible innovators and crypto enthusiasts, despite a lack of reliable market infrastructure providers and a shifting and complex regulatory environment. While I may have misjudged the speed of disintermediation and adoption, I likely also underestimated the scope, and my conviction in blockchain’s impact is stronger today than ever. Now, during the sunny summer days of 2025, institutions and traditional finance disruptors have not only joined the block(chain) party, but are seeking new ways to weave this technology into the fabric of their businesses. Change is here.

ARE YOU KIDDING ME!!! BLOCKCHAIN SUCCESS ???? BRO ITS BITCOIN!ARE YOU KIDDING ME!!! BLOCKCHAIN SUCCESS ???? BRO ITS BITCOIN!

Here he is in all his shitcoin glory:

Crazy these early investors find a gold mine in Bitcoin and yet are completely oblivious and pushes more blockchain technologies on to retail!

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101 sats \ 3 replies \ @0xbitcoiner 5 Aug

Yesterday I was gonna share this news, but then I figured it wasn’t worth it.

Peter Thiel-backed crypto platform Bullish files IPO, aims to raise up to $629 millionPeter Thiel-backed crypto platform Bullish files IPO, aims to raise up to $629 million
Quick TakeQuick Take
The company aims to sell 20.3 million shares at a price between $28 and $31, according to a preliminary prospectus.
JPMorgan and Jeffries are the lead underwriters.

Bullish, a crypto platform that counts billionaire tech investor Peter Thiel as an investor, is seeking to raise up to $629 million with an initial public offering, according to a Monday filing with the U.S. Securities and Exchange Commission.

The company aims to sell 20.3 million shares at a price between $28.00 and $31.00, according to a preliminary prospectus, which would value Bullish at $4.2 billion.

In June, Bullish confidentially filed for an initial public offering. A confidential IPO process typically allows companies to advance their listing preparations without disclosing financial details until they move closer to going public.

[...]

https://www.theblock.co/post/365457/peter-thiel-backed-crypto-platform-bullish-files-ipo-aims-to-raise-up-to-629-million

42 sats \ 2 replies \ @BlokchainB OP 5 Aug

Ahh now that Peter Thiel’s name is tied to it I’m sure some retail investors will be happy to pile into this IPO

558 sats \ 1 reply \ @0xbitcoiner 5 Aug

Yep! At first I thought it was Peter Schiff and I thought it was kinda funny, but then I checked and it wasn’t him.

111 sats \ 0 replies \ @BlokchainB OP 5 Aug

Hahahahah

79 sats \ 2 replies \ @Cje95 5 Aug

Are you going to grab some shares given how all the IPO’s are exploding right now or is this one a bridge to far??

10 sats \ 1 reply \ @BlokchainB OP 5 Aug

Nah. I know IPOs are ripping but Robinhood has that stupid IPO flipping rule in effect. So let’s see what happens the day it starts trading.

0 sats \ 0 replies \ @Cje95 5 Aug

I might put in for a single share and just pretend it's a bet lol

64 sats \ 0 replies \ @Akg10s3 5 Aug

They're wrong to push more blockchain technologies...
Now, to each his own!

56 sats \ 0 replies \ @kurszusz 16 Aug

You take RobinHood very seriously...
If I may suggest...after every IPO if the price has gone up enough, get back your invested capital (sell some), so there is zero risk in the future, and that way you can make much more rational decisions (at least that's how I feel about it)

45 sats \ 0 replies \ @grayruby 5 Aug

Hard pass.