Bullish, the crypto exchange backed by Peter Thiel, had a blockbuster NYSE debut on August 13, 2025.

IPO Price: $37 per share, raising about $1.1B and valuing the firm at $5.4B.

Debut Performance: Opened near $90, surged to over $100 (some reports say up to $118), more than doubling the IPO price.

Current Valuation: Around $13–$13.2B after the rally.

Why It Matters: Strong institutional backing, led by ex-NYSE president Tom Farley, and a focus on serving hedge funds and large traders helped fuel demand. The success signals rising investor appetite for crypto-related stocks amid improving market sentiment.