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.
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