#BullishIPO , a crypto exchange backed by Peter Thiel, made a huge entry on Wall Street with its IPO on August 13, 2025. The company raised $1.1 billion by selling shares at $37 each, higher than the expected $32–$33. On its first day of trading on the New York Stock Exchange under the ticker BLSH, shares jumped nearly 84% to $68, pushing its value to over $10 billion.

Bullish, based in the Cayman Islands and led by former NYSE president Tom Farley, focuses on big investors with a mix of decentralized finance and strong centralized security. Since starting in 2021, it has processed more than $1.25 trillion in trades and also owns CoinDesk. Major firms like BlackRock and ARK Invest bought into the IPO, showing trust in its future. With fresh funds, Bullish plans to expand, make acquisitions, and compete with major exchanges like Coinbase, Binance, and Kraken.