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Shares of Crypto Exchange Bullish Leap 83% in Market Debut

Crypto News

Shares of cryptocurrency exchange Bullish reportedly ended the day of their initial public offering (IPO) 83% higher than the company’s target price.

Bullish shares were priced at $37, leapt as high as $118 Wednesday (Aug. 13) after the company began trading on the New York Stock Exchange, and ended the day at $68, the Financial Times (FT) reported Wednesday.

This surge gave the Peter Thiel-backed crypto exchange a fully diluted market value of almost $10 billion, according to the report.

Bullish President Chris Tyrer told the FT: “Public capital markets are demonstrating a desire to invest in crypto-focused companies.”

The company announced Aug. 4 that it had started the roadshow for its IPO and that it expected the IPO…

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