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Crypto exchange Bullish more than doubles in NYSE debut after pricing IPO above expected range
Bullish raised $1.11 billion by pricing its IPO at $37 per share, more than 20 times oversubscribed amid strong demand for crypto firms, valuing the company at $5.41 billion.
- Bullish, a crypto exchange for institutional investors based in the Cayman Islands and led by former NYSE President Tom Farley, priced its IPO above the expected range at $37 per share.
- The company raised $1.1 billion in the IPO by selling 30 million shares, giving it a market value of $5.4 billion.
- Backers like billionaire Peter Thiel aim to capitalize on favorable crypto regulations, following successful crypto-related IPOs this year from firms like Circle and Galaxy Digital.
27 Articles
27 Articles
Crypto exchange Bullish is the latest IPO to explode higher in its trading debut
Michael M. Santiago/Getty ImagesCrypto exchange Bullish surged in its stock-market debut.Shares of the crypto exchange popped as much as 218% from their IPO price of $37.The IPO follows other high-profile debuts that popped on their first day, including Figma and Circle.Investors are bullish on Bullish.Shares of the Peter Thiel-backed cryptocurrency exchanged surged in their debut on the New York Stock Exchange on Tuesday after pricing above the…
Bullish shares set to open as much as 62% above IPO price after huge demand - report (BLSH:NYSE)
Crypto exchange Bullish's (BLSH) shares were indicated to open in the range of $55-$60 per share, representing a ~62% jump from the initial public offering price of $37, according to a media report published Wednesday.
Bullish stock price will be closely watched today as ‘CoinDesk’ owner makes trading debut in upsized IPO
Another highly anticipated IPOs is happening today. Cryptocurrency trading platform Bullish is expected to make its debut on the stock market. Already, its stock’s initial public offering price has been revised up multiple times, suggesting a healthy appetite for shares. However, only time will tell if its IPO will end up going the way of Circle or eToro, two other crypto-related companies that went public in recent months. Here’s what you need …
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