Initial public offerings are the talk of Wall Street, largely thanks to red hot crypto properties. While more IPOs are on the way, investors who want to own stocks like these should be patient. If you miss the IPO pop, there’s almost always a chance to buy the dip.

It's been a busy year for crypto-related stock listings. Bullish, founded in 2021 and backed by Peter Thiel, is the latest.

The ideal first-day gains are typically around 20% to 30%, many bankers who work on deals say. Bullish closed the day at $68, giving it a market capitalization of roughly $10 billion. Its stock, which trades under the symbol “BLSH,” was temporarily paused after it began trading.