#BullishIPO Bullish, the crypto exchange platform backed by billionaire Peter Thiel, is making waves with its IPO debut on the New York Stock Exchange under the ticker BLSH. Initially targeting a $4.2 billion valuation, Bullish recently increased its IPO size, now aiming for a valuation of up to $4.82 billion. The company is offering 30 million shares priced between $32 and $33, with the potential to raise nearly $1 billion in capital.

The IPO launch has been extremely bullish, with the stock price soaring over 90% at market debut and briefly hitting as high as $118 per share—more than triple the IPO price of $37. This surge valued Bullish at over $10 billion in market capitalization shortly after listing, signaling strong investor demand for crypto exposure on traditional markets.

Bullish’s offering comes at a time when the cryptocurrency market is experiencing a significant rally. Bitcoin recently crossed $120,000, fueling optimism and bullish momentum across other major cryptocurrencies like Ethereum, Solana, and XRP. Institutional interest is also evident, with big-name investors like BlackRock and Cathie Wood’s ARK planning to buy substantial shares.

Binance, a major player in crypto, remains active in the space with new coin listings and trading pairs, supporting the ecosystem that platforms like Bullish depend on. This IPO marks a pivotal moment showing that crypto companies are gaining mainstream acceptance and capital market credibility after overcoming regulatory hurdles in previous years.

In summary, Bullish’s IPO debut is a bullish signal for the crypto industry, reflecting growing investor appetite and confidence in digital assets and their integration into traditional financial markets. As the stock continues to trade with high volatility and strong interest, it sets an optimistic tone for the future of crypto finance on Wall Street.