Bullish stock surges above $110 per share minutes after public debut

Key Points

1. Bullish's stock opened at $90, 143% above its IPO price of $37 per share, and surged to $118 shortly after listing.

2. The crypto exchange, led by former NYSE president Tom Farley, launched in 2021 with backing from prominent investors like Block.one and Galaxy Digital.

3. As of March 31, Bullish held $28 million in cash, $144 million in stablecoins, and $1.7 billion in bitcoin and ether.

4. Bullish's IPO follows Circle's successful NYSE debut, where its stock also surged significantly above its IPO price.

5. The company offers a spot and derivatives exchange, liquidity services, and owns crypto media company CoinDesk.