ARK Invest buys $ 172 million of upward stocks on the back of the first public subscription star-news.press/wp

Ark Invest from Cathie Wood bought 2.53 million shares from Crypto Exchang Bullish across three of its boxes on the Stock Exchange on Wednesday, in the successful public subscription of the company.

According to trade notifications, ARK Innovation ETF (Arkk) chose 1714,522 shares, added Ark Generation Internet Etf (Arkw) 545,416 shares and bought Ark Fintech Innovation ETF (Arkf) 272,755 shares. At the Polycolio closing price of $ 68, the value of the common purchases amounted to about $ 172 million.

Bullish shares ended its first trading session by 83.8 % of the public subscription price of $ 37, with the market value of more than $ 10 billion. Other 11.2 % shares jumped in post -hours trading.

The increase came when the stock opened at 90 dollars, reaching the highest level per day 118 dollars, or more than 215 % higher than the public subscription price, before decline.

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The rise raises 1.1 billion dollars

The Kayman -based company, the Cayman Islands, operated a cryptocurrency exchange and owns the company Coinsk, by pricing the public subscription over the previous expectations ranging between 32 and 33 dollars per share, which raised $ 1.1 billion by selling 30 million shares, According to To Reuters.

It is worth noting that this second Saudi -to -public attempt. In the past, The Exchange tried to offer public relations through the Special Special Request for Special purposes (SPAC) in 2021, but it witnessed the collapse of its previous efforts as the markets were strained amid high interest rates.

As I mentioned, Bullish operates through subsidiaries through multiple judicial authorities, including Hong Kong, Kayman Islands, Singapore, the United Kingdom, Germany and Jabal Tariq.

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Public subscription madness continues to encrypt

The list followed a wave of prominent offers this year. Circle, the source of Stablecoin USDC (USDC), raised $ 1.1 billion in its public appearance in June, as it exceeded expectations and a standard gain of 167 % on the first day of trading.

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On June 6, Gemini, the stock market founded by Cameron and Tyler Winkefus, made a secrecy to include an American list. Both brothers supported an attempt to re -election Trump and support political action committees that focus on encryption.

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