#BullishIPO Bullish, the cryptocurrency exchange backed by Peter Thiel, made a landmark debut on the New York Stock Exchange on August 13, 2025, trading under ticker BLSH. The company priced its shares at $37, above the original range, raising approximately $1.1 billion. The stock launched with a dramatic surge—peaking near $118 before closing around $68, marking an 83% gain, which pushed Bullish’s estimated valuation to nearly $10 billion.

Institutional investors jumped in quickly. ARK Invest purchased about $172 million in shares across its ETFs, with 1.7 million shares going to ARK Innovation, signaling strong confidence in the platform’s institutional focus and infrastructure. On its second day, Bullish stock continued climbing—adding another 11%, lifting market cap to around $11 billion. The stock rose further afterward—another 22% increase—underlining bullish sentiment in the broader crypto IPO market.

Bullish’s performance underscores renewed investor enthusiasm for crypto infrastructure, particularly in an environment of improved regulatory clarity and institutional adoption.