Peter Thiel-Backed Crypto Exchange Bullish Nearly Doubles in Trading Debut
Key Takeaways
- Shares of cryptocurrency exchange Bullish soared in their debut on the New York Stock Exchange Wednesday, after an upsized initial public offering.
- Bullish’s launch comes after a series of strong crypto IPOs this year, pointing to improving appetite for new listings as major coins have climbed in value.
- The price of Bitcoin and Ether traded near record highs. They’ve surged this year amid optimism about a more crypto-friendly regulatory environment.
Shares of Bullish (BLSH), a crypto exchange backed by PayPal (PYPL) founder and billionaire venture capitalist Peter Thiel, soared in their debut on the New York Stock Exchange Wednesday.
The stock finished the day at $68, nearly double its initial public offering price of…
