Bullish Soars to $13B Valuation on Explosive NYSE Debut

Shares of Bullish, a cryptocurrency exchange and media company backed by Peter Thiel, saw explosive growth during its initial public offering (IPO) on Wednesday, soaring as much as 218% in the New York Stock Exchange debut. This surge reflects increased institutional interest in crypto-related stocks. The IPO began at an offer price of $37 per share and quickly reached a high of $118 before settling to trade up 131% at $86, valuing the company at approximately $13 billion – nearly triple its earlier projected valuation of $4.8 billion.