#BullishIPO Bullish, a Peter Thiel-backed cryptocurrency exchange, went public on August 13, 2025, raising $1.1 billion through an IPO on the NYSE under the ticker BLSH. The IPO priced 30 million shares at $37 each, surpassing the initial $32-$33 range, valuing the company at $5.4 billion. Shares surged 90% on debut, hitting an intraday high of $118, driven by strong institutional interest from investors like BlackRock and ARK, who eyed up to $200 million in shares. Bullish, which owns CoinDesk and focuses on institutional clients, benefits from a crypto market rebound and regulatory clarity, positioning it as a key player in digital assets.