Bullish IPO: Peter Thiel Backed Crypto Exchange Debuts On NYSE Following $1.1B Raise

Bullish IPO Makes a Splash on the NYSE

Bullish, the crypto exchange operator behind CoinDesk, begins trading today under the ticker BLSH after raising $1.11B in its IPO. The 30 million shares sold at $37 each, giving the company a $5.41B valuation—and the offering was 20x oversubscribed!

Founded by former NYSE president Tom Farley and backed by billionaire Peter Thiel, Bullish offers spot trading, futures, and derivatives, with major institutional support from BlackRock and ARK Invest.

This debut not only signals strong investor appetite for crypto exchanges but could also set the tone for blockchain companies seeking public listings in 2025