What is the market sentiment on bullish ipo?

The market sentiment around Bullish's IPO is positive, with several indicators suggesting optimism and potential growth:

1. **High Valuation Target**: Bullish is targeting a valuation of up to $4.23 billion in its IPO, which is a significant figure that reflects confidence in the company's potential.
2. **Strong Institutional Interest**: Major institutional investors such as BlackRock and ARK Investment Management have shown interest in investing in Bullish, which is a positive sign as it indicates the company's potential to attract and retain institutional capital.
3. **Successful Pre-IPO Performance**: Bullish's pre-IPO performance, including its regulatory-compliant model and strategic plans to convert IPO funds into stablecoins, have positioned it well for a successful debut.
4. **Positive Crypto Market Momentum**: The broader crypto market is experiencing a rebound, which is likely to contribute positively to Bullish's IPO sentiment as it reflects a growing interest in digital assets.
5. **Momentum from Previous Crypto IPOs**: The successful debuts of other crypto companies, such as Circle and eToro, have set a positive tone for the crypto sector, which is likely to carry over to Bullish's IPO.

Overall, the market sentiment on Bullish's IPO is positive, driven by the company's strong fundamentals, strategic positioning, and the favorable outlook for the crypto sector.