#BullishIPO *Bullish*, a cryptocurrency exchange backed by Peter Thiel, made a remarkable debut on the New York Stock Exchange (NYSE) under the ticker symbol *BLSH* on August 13, 2025. The company priced its initial public offering (IPO) at *37 per share*, surpassing the anticipated range of32 to 33, and raised approximately *1.1 billion* by offering 30 million shares. [1]

On its first trading day, Bullish's stock surged by *143%*, opening above 95, which significantly exceeded its IPO price. [2] This performance elevated the company's market capitalization to around *5.4 billion*.

*Key Highlights:*

- *Institutional Focus*: Bullish operates a digital asset platform tailored for institutional clients across more than 50 jurisdictions, excluding the U.S. [3]

- *Media Expansion*: In November 2023, Bullish acquired CoinDesk for 72.6 million, enhancing its presence in crypto media. [3]

- *Financial Turnaround*: After a349 million loss in Q1 2025, Bullish reported an estimated net income between 106 million and109 million in Q2 2025. [4]

- *Investor Interest*: The IPO attracted significant attention from major institutional investors, including BlackRock and ARK Investment Management, indicating strong confidence in Bullish's business model.