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Bullish, a crypto exchange backed by prominent investor Peter Thiel, has made a strong public debut, with its initial public offering (IPO) priced at $37 per share, above its initial target range. The offering raised over $1.1 billion, valuing the company at $5.41 billion. Bullish (ticker: BLSH) began trading on the New York Stock Exchange and saw its stock nearly double on its first day, reaching as high as $118 before settling around $68. This strong performance signals robust investor appetite for cryptocurrency-related firms, particularly amid a favorable regulatory environment and rising crypto prices. The company, which also owns the crypto news platform CoinDesk, reported a 78% increase in its quarterly trading volume. Bullish's successful IPO adds to a wave of recent crypto-related public listings and reflects a positive trend in the IPO market, despite a typically slow August. #BullishIPO

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