Bullish Global Makes a Splash on NYSE

In a remarkable debut, Bullish Global, the cryptocurrency exchange that also owns the renowned crypto news platform CoinDesk, launched its initial public offering (IPO) on the New York Stock Exchange (NYSE) this Wednesday. The shares started trading at an impressive $90 each, marking a 143% surge from its IPO price of $37 per share.

Market Valuation and Trading Highlights

The company's market capitalization quickly soared to approximately $13.1 billion. Trading experienced a brief pause due to volatility but resumed shortly after, with shares peaking at $117.26. Trading under the ticker symbol "BLSH", Bullish successfully raised $1.1 billion by selling 30 million shares during its IPO.

Underwriters and Future Prospects

Leading the charge as underwriters for Bullish's IPO were financial giants JPMorgan, Jefferies, and Citigroup. These institutions were granted a 30-day option to buy up to an additional 4.5 million ordinary shares at the IPO price, signaling strong confidence in Bullish's future growth.