#BullishIPO Crypto exchange Bullish, backed by Peter Thiel, electrified Wall Street, soaring 162% in its NYSE debut on August 13, 2025, after raising $1.1B at a $37-per-share IPO. Opening at $90 and peaking at $118, Bullish’s $13B valuation reflects insatiable investor appetite. With $1.25T in trading volume since 2021 and CoinDesk ownership, Bullish is riding Bitcoin’s $124K wave and pro-crypto U.S. policies. CEO Tom Farley calls it the “institutional wave.” But can the rally outlast volatile halts?