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Bullish Exchange Debuts on NYSE with $13.2B Valuation, Joining Crypto’s Wall Street Push
Bullish Exchange Debuts on NYSE with $13.2B Valuation, Joining Crypto’s Wall Street Push
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BTCCSquare news:
Bullish, the digital assets exchange led by former NYSE president Tom Farley, made a striking entrance to public markets this week. The Peter Thiel-backed platform debuted on the New York Stock Exchange under ticker BLSH, achieving a $13.2 billion valuation—nearly triple its initial target range of $28-$31 per share.
The stock opened at $90 before peaking at $118 and settling at $68, marking one of 2023's most successful IPOs. Bullish raised $1.1 billion by selling 20.3 million shares, far exceeding its $629.3 million target. This follows crypto trading platform eToro's $4.2 billion public listing in May, as digital asset firms increasingly bridge the gap between traditional and crypto markets.
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