US EditionCrypto Frenzy Sparks Rush to Wall Street IPOs
Bullish raised $1.1 billion in its IPO, achieving a $13.2 billion valuation, marking one of the most successful crypto exchange public listings this year, backed by Peter Thiel.
- Cryptocurrency exchange operator Bullish held a successful initial public offering on August 13, 2025, at the New York Stock Exchange.
- Bullish's IPO followed growing optimism in the crypto IPO sector, driven by recovering valuations, new legislation, and previous successful debuts like Circle and Figma.
- Bullish's shares surged 160%, briefly hitting a $13 billion valuation, with a strong investor response and partnerships enhancing its market credibility.
- Circle's shares rose from a $31 IPO price to $153.16, while Figma tripled in value on debut, and SEC head Paul Atkins pledged to simplify the IPO process.
- The wave of crypto IPOs and SPAC mergers indicates growing institutional acceptance, but bankers caution the market remains sensitive to broader volatility.
11 Articles
11 Articles
Crypto frenzy sparks rush to Wall Street IPOs
After years of sitting on the sidelines, US 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 US public markets on Wednesday, raising over $1.1 billion. Analysts point to …
Bullish Shares Surge 160% on Wall Street Debut
Crypto exchange Bullish made its public debut on the New York Stock Exchange (NYSE) with an overwhelmingly positive response from investors. Shares opened 143% higher at $90, surging dramatically from the IPO price of $37 per share. The dramatic rise in price triggered an NYSE volatility halt multiple times during the day. The company briefly reached a market capitalization of $13 billion during the day, before ending the day’s trade with a valu…
An illustration of Donald Trump holding a bitcoin outside of a cryptocurrency exchange store in Hong Kong on December 5, 2024. TYRONE SIU / REUTERS Fortunately, the Bullish cryptoactive trading platform had planned its introduction to the New York Stock Exchange on Thursday, August 14. A few hours earlier, the bitcoin recorded a record at $124,457 (€106,500). Result: the Bullish share price jumped 86% above its selling price during its first tra…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
