Trump-fueled crypto frenzy sparks rush to Wall Street IPOs
After years of sitting on the sidelines, U.S. crypto companies are lining up to go public, buoyed by friendly policies under President Donald Trump’s second administration that have pushed the value of global cryptocurrencies to a record $4.2 trillion.
Bullish, a cryptocurrency exchange operator that counts billionaire Peter Thiel among its backers, was the latest to tap U.S. public markets on Wednesday, raising over $1.1 billion.
Analysts point to rising mainstream adoption and deep-pocketed corporate backers as forces reshaping the sector’s fundraising landscape and boosting demand for new crypto stocks.
INDUSTRY BELLWETHER
Circle went public in June in a blowout NYSE debut, with shares more than doubling at the open to value the…
