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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!

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!
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 million

Quick 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.
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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
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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.
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Hahahahah
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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??
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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.
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0 sats \ 0 replies \ @Cje95 18h
I might put in for a single share and just pretend it's a bet lol
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They're wrong to push more blockchain technologies... Now, to each his own!
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Hard pass.
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