Crypto Exchange Bullish Goes Public on the NYSE

Bullish, a cryptocurrency exchange operator backed by notable investors like Peter Thiel and Tom Farley, has successfully launched its initial public offering (IPO) on the New York Stock Exchange (NYSE). The company raised $1.11 billion at a price per share of $37, valuing it at approximately $5.4 billion. This strong IPO performance comes despite recent volatility in the cryptocurrency market. Investor interest was reportedly over 20 times higher than initial estimates.