Bullish Exchange Achieves $13.2 Billion Valuation in Stellar NYSE Debut

Bullish, a digital assets exchange backed by Peter Thiel, recently had a successful debut on the New York Stock Exchange (NYSE), becoming a publicly traded company under the ticker BLSH. The exchange's opening stock price was $90, peaking at $118 before settling at $68. Originally targeting an opening stock price of $28 to $31, the ultimate increase represents a 190% rise from the highest target price, thus marking one of the most successful IPOs this year.

With $1.1 billion raised in the offering, surpassing the initial target of $629.3 million, Bullish joins an expanding list of trading companies that have gone public. This successful debut is attributed to crypto-friendly legislation, increasing investor confidence, and a steady influx of capital towards crypto assets.