Peter Thiel-Backed Bullish Exchange Successfully Debuts on the New York Stock Exchange
Main Idea
Bullish, a cryptocurrency exchange backed by Peter Thiel, successfully debuted on the New York Stock Exchange, raising approximately $1.1 billion in its IPO and achieving significant market capitalization.
Key Points
1. Bullish's IPO on the New York Stock Exchange raised approximately $1.1 billion, with shares priced at $37, above the expected range.
2. Shares opened at $90, a 143% increase from the IPO price, peaked at $118 during trading, and closed at $70, resulting in a nearly 90% gain.
3. The market capitalization of Bullish exceeded $10 billion following its successful IPO.
4. This marks a significant milestone for Bullish, which had previously attempted to go public via a SPAC merger in 2021.
5. The IPO reflects growing institutional interest in combining decentralized finance protocols with centralized security.
Description
Bullish, a cryptocurrency exchange backed by Peter Thiel, successfully debuted on the New York Stock Exchange on August 13, 2025, raising approximately $1.1 billion in its initial public offering (IPO). The company priced its shares at $37, above the expected range of $32 to $33, and opened at $90, representing a 143% increase. During trading,
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