#BullishIPO

A cryptocurrency exchange backed by Peter Thiel, has successfully completed its IPO, raising $1.11 billion at a valuation of $5.41 billion. The shares were priced at $37 each, exceeding the anticipated range of $32-$33, reflecting strong investor demand. This significant milestone marks a notable achievement for the digital asset industry.

IPO Valuation: $5.41 billion

Amount Raised: $1.11 billion

Share Price: $37

Investor Interest: Strong demand from investors, including Cathie Wood's Ark Investment Management, which acquired 2.53 million shares.

The company's shares surged 83% on its IPO debut, briefly hitting a market value above $10 billion.This impressive market performance indicates a strong interest in Bullish's crypto exchange platform, targeting institutional investors with advanced trading tools.