Bullish Crypto Exchange Raises $1.1 Billion in NYSE IPO

Bullish, a cryptocurrency exchange founded by Peter Thiel, has successfully launched an upsized initial public offering (IPO), raising over $1.1 billion and securing a valuation of approximately $5.4 billion. The stock is listed on the New York Stock Exchange (NYSE) under the ticker BLSH starting August 13, 2025, following strong investor demand. The company’s IPO surpassed expectations after increasing its pricing range to target up to $990 million and ultimately exceeding this figure during final pricing.