Cryptocurrency firm Bullish is now trading on the New York Stock Exchange, with its shares rising by more than 140% within hours of its debut. The company’s shares now trade under the stock ticker ‘BLSH’
Priced at $37 per share for its IPO offering, Bullish first targeted a price range of $28-$31 in its F-1 filing, revising it upwards again to $32-$33, before finally aiming to raise a total of $1.1 billion with its final price range.
Bullish joins Coinbase, Riot Platforms, Mara Holdings, and Circle
Bullish now joins a growing list of crypto companies with publicly traded shares, such as Coinbase, Riot Platforms, Mara Holdings, and Circle.
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The update comes as multiple crypto firms file to make their debut on the trading floor of Wall Street’s choiciest exchanges during a pro-crypto Trump administration. Circle’s massive IPO is a recent example.
Bullish has two main business concerns: its cryptocurrency exchange and its crypto news platform CoinDesk. The CEO of the company is Thomas Farley, who is a former president of the New York Stock Exchange. It is also backed by billionaire Peter Thiel.
Source: Yahoo Finance
