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Economic Times
2 days ago
- Business
- Economic Times
Bullish IPO stuns as BLSH stock may jump 62% to $55–$60 after massive demand — Peter Thiel-backed crypto a must-buy?
THE ECONOMIC TIMES Bullish IPO began trading today, and BLSH stock is already grabbing attention. Backed by Peter Thiel, the crypto exchange could open as much as 62% above its $37 IPO price, signaling huge investor demand and a potentially blockbuster debut. Bullish IPO kicked off today, with shares of the Peter Thiel-backed crypto exchange, BLSH, expected to open in the $55–$60 range. That would mark roughly a 62% jump from the initial $37 IPO price. The surge reflects investor excitement, fueled by demand more than 20 times the available shares, Bloomberg reported Wednesday. For traders and institutional investors, this signals one of the most watched crypto market debuts in recent years. Bullish isn't just another exchange. It combines institutional-grade trading with CoinDesk ownership, giving it a unique edge in data, media, and crypto indices. The platform focuses on Bitcoin and Ethereum, offering spot and derivatives trading with liquidity and compliance front and center. Analysts note that targeting institutional investors, rather than retail traders alone, may provide more stable growth in volatile crypto markets. What is the Bullish IPO price and valuation? Bullish IPO priced at $37 per share with a $5.4B valuation. Peter Thiel's involvement adds credibility. His Founders Fund, along with interest from BlackRock, Galaxy Digital, and ARK Invest, reflects strong institutional confidence. According to MarketWatch, ARK Invest may purchase up to $200 million worth of shares at the IPO price. Bullish initially planned to offer 20.3 million shares at $32–$33. Strong investor interest prompted the company to increase the offering to 30 million shares and raise the price to $37. Despite this, a third of institutional orders went unfilled, with allocations prioritized for long-only investors and existing relationships. This pattern mirrors Circle Internet Group's IPO in June, which also experienced outsized demand and saw shares rise more than 400% since listing. The comparison highlights a renewed appetite for crypto-linked public offerings. While Bullish posted a net loss in the first quarter of 2025, management expects to swing to profitability in Q2 with projected net income between $106 million and $109 million. Trading volumes tell the story—$250 billion in 2024, compared with just $72.7 billion in 2022, a growth trajectory that suggests its institutional bet is paying off. The company also disclosed crypto holdings worth about $2 billion, the majority in Bitcoin, with smaller allocations to Ethereum and stablecoins. Those reserves aren't just balance sheet filler—they're part of the firm's liquidity strategy, giving it the ability to settle trades quickly and withstand market shocks. While momentum is strong, there are factors to consider: Profitability: Bullish reported a net loss in Q1 2025 but projects Q2 net income of $106–$109 million . Execution on margins and cash flow will be crucial for sustained performance. Bullish reported a net loss in Q1 2025 but projects Q2 net income of . Execution on margins and cash flow will be crucial for sustained performance. Volatility: Crypto markets remain unpredictable. Price swings in Bitcoin and Ethereum could directly impact results. Crypto markets remain unpredictable. Price swings in Bitcoin and Ethereum could directly impact results. Competition: Established exchanges and brokers present ongoing challenges. Bullish's niche focus and CoinDesk integration offer differentiation but require execution. Established exchanges and brokers present ongoing challenges. Bullish's niche focus and CoinDesk integration offer differentiation but require execution. Disclosure: As a foreign private issuer, Bullish may provide lighter ongoing disclosure than domestic peers, a factor for cautious investors. Bullish's debut underscores renewed institutional confidence in crypto, especially amid regulatory clarity for stablecoins under the Trump Administration. The IPO serves as a signal that digital assets are attracting mainstream investment, bridging the gap between retail enthusiasm and professional trading. If BLSH opens near the projected range, it could set the tone for future crypto IPOs, influencing how exchanges, institutional investors, and regulators approach listings moving forward. Q1. What is the Bullish IPO opening price and expected BLSH stock range? BLSH is set to open between $55–$60, about 62% above the IPO price of $37. Q2. Who backs Bullish in its IPO and why does it matter? Bullish is backed by Peter Thiel, BlackRock, Galaxy Digital, and ARK Invest, signaling strong institutional confidence.
Economic Times
2 days ago
- Business
- Economic Times
Samvardhana Motherson sees no material impact from US tariffs
Synopsis Samvardhana Motherson International anticipates minimal impact from US tariffs. Exports from India to the US were low in Q1 FY26. Most contracts are ex-works, shifting costs to customers. The company is exploring alternative supply chains. A large portion of sales already comply with USMCA. Discussions are ongoing to pass on costs for non-compliant products. THE ECONOMIC TIMES Samvardhana Motherson Samvardhana Motherson International Ltd (SAMIL) has said the recently announced US tariffs on imports from India don't have a material impact on its operations. According to the company's latest investor presentation, exports from India to the US stood at less than USD 10 million in the first quarter of company explained that most of its external contracts are structured on an ex-works basis, under which customers bear the shipping and import costs. For the smaller portion of contracts where this is not the case, Motherson is implementing mitigation measures, including exploring alternative supply chain solutions.A large part of the company's sales to US customers already comply with the US-Mexico-Canada Agreement (USMCA), shielding them from the new tariff regime. For non-USMCA compliant products, discussions are underway with customers to pass on the additional costs, though this process is expected to involve some time its Q1 FY26 results, Motherson reported consolidated revenues of ₹30,212 crore, compared with ₹28,868 crore in the same quarter last year. However, EBITDA margins slipped to 8.2% from 9.6%, which the company attributed to structural challenges in Europe, foreign exchange volatility, and start-up costs related to new of the auto components manufacturer recovered from early losses to rise as much as 4.45% on Wednesday, August 13, after management reassured investors in its post-earnings statement that the tariffs imposed by the Donald Trump administration would not significantly affect its operations. 'While uncertainties in the business environment persist, it also offers inorganic opportunities for growth,' said Vivek Chaand Sehgal, Chairman of Motherson.
Economic Times
14-07-2025
- Economic Times
Chaos on Delhi-Mumbai SpiceJet flight: 2 passengers try to storm cockpit, delay takeoff by 7 hours
Synopsis On July 14, 2025, two unruly passengers were removed from a SpiceJet flight SG 9282 at Delhi airport after they tried to forcibly enter the cockpit while the plane was taxiing for its departure to Mumbai. Despite requests from the crew, passengers, and captain, they refused to comply, causing significant disruption and a delay of several hours. THE ECONOMIC TIMES Two unruly passengers were offloaded from a SpiceJet flight at the Delhi airport on Monday after they attempted to forcefully enter the cockpit when the aircraft was taxiing. SpiceJet said the aircraft, which was to fly to Mumbai, returned to the bay and the two passengers were offloaded and later handed over to the CISF. "On July 14, 2025, two unruly passengers were offloaded from SpiceJet flight SG 9282 operating from Delhi to Mumbai. "The two attempted to forcefully approach the cockpit and caused a disruption while the aircraft was taxiing," the airline said in a statement. According to SpiceJet, despite repeated requests by the cabin crew, fellow passengers, and the captain, the two passengers refused to return to their seats. The flight SG 9282, originally scheduled to depart at 12:30 pm, departed at 7:21 pm, as per information available on flight tracking website
