Bullish, the crypto exchange backed by billionaire Peter Thiel, has taken a big step into the U.S. stock market. In a highly sought-after offering, the company raised $1.11 billion, pushing its market value to $5.41 billion. Its first day of trading went better than expected, showing investors are confident in the company. Bullish successful public debut comes as more crypto companies are choosing to list in the United States due to friendlier regulatory policies under the current Trump administration. Bullish IPO Pricing Beats Targets According to Bloomberg , Bullish was able to raise $1.11 billion in its initial public offering and sold its 30 million shares at $37 each. This price exceeded its already increased target range of $32 to $33, showing strong demand from investors. As announced, the exchange will begin trading on the New York Stock Exchange under the ticker BLSH. The successful IPO event has increased Bullish value to about $5.41 billion, placing it among the most valuable publicly traded crypto exchanges. Big financial institutions, including JPMorgan, Jefferies, and Citigroup, acted as the main underwriters. BlackRock and ARK Invest reportedly signaled interest in buying up to $200 million worth of shares. A Marketing Push that Paid Off Bullish’s leadership spent the past week promoting the offering to investors. Earlier this week, the company increased the deal size and raised the price range in hopes of generating as much as $990 million. Investor demand continued to grow, allowing Bullish to exceed even those revised targets. The company first filed for the IPO confidentially in June and went public with its registration in July. This marks its second attempt at going public after a planned 2021 SPAC merger fell through in 2022. Crypto Listings Regain Momentum in the U.S. Bullish’s IPO offering comes as the U.S. crypto capital markets show signs of reopening. Several blockchain and digital asset companies are pursuing IPOs or adopting public market strategies. This is encouraged by a friendlier regulatory policy and improving market conditions. Measures like the recently signed GENIUS Act have also added to investor confidence. The IPO trend gained speed after Circle (CRCL) went public in June. Its shares jumped 500% above the listing price within weeks, bringing fresh interest in the sector. Other companies, such as Mike Cagney’s Figure Technology, Grayscale, and BitGo, have also submitted filings to regulators to prepare for their listings. Bullish now joins a growing group of public crypto companies betting on Wall Street’s appetite for digital assets. This time, the market seems ready to listen. The post Bullish Secures $1.11B in IPO, Debuts on NYSE at $5.41B Valuation appeared first on TheCoinrise.com .
