Bullish Stock Roars in Latest Crypto IPO, Tripling Offering Price

In brief

  • Crypto exchange Bullish started trading on the New York Stock Exchange Wednesday.
  • At peak, the price of BLSH more than tripled the initial offering price.
  • The company is the latest in the space to have a popular debut on traditional markets.

Shares of crypto exchange Bullish more than tripled the offering price Wednesday, signaling continued interest in digital asset companies going public. 

The shares—BLSH—rose as high as $118 after being offered at $37 in the IPO. Shares were recently trading for about $84 a pop after dipping from the early afternoon peak, currently up 126% on the day.

Bullish’s market value was $12.2 billion, based on the outstanding shares listed in its filing. The firm’s platform allows clients to…

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