#BullishIPO Bullish IPO: Explosive Entry on NYSE

Stock Market Debut: Bullish, a cryptocurrency exchange backed by Peter Thiel and controlled by CoinDesk, made its debut on the New York Stock Exchange on August 13, 2025, under the symbol BLSH    .

IPO Price: The price per share was set at $37, significantly above the initial estimate, which ranged between $32 and $33  .

Amount Raised and Valuation: The IPO raised approximately $1.1 billion, giving the company an initial valuation of around $5.4 billion    .

Stock Performance at Debut: Shares exploded on the first day – they rose between 150% and 218%, reaching peak values between $118 and over $100, before a pullback and closing around $68–92, resulting in an estimated market capitalization between $10 and $13 billion     .

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What Makes Bullish Different?

Institutional Focus: Binance, Coinbase, and Kraken are on the radar, but Bullish has focused on institutional exposure — it offers tools for broadly liquid assets (Bitcoin, Ethereum), avoiding other highly volatile altcoins  .

Media Diversification: Bullish acquired the crypto news and analysis site CoinDesk in November 2023, to strengthen its presence across multiple segments in the crypto industry  .