Bullish Stock takes off at 143% in NYSE’s debut after Crypto IPO

Crypto’s stock is a bombing Haunting Rocket Wednesday after the company raised about $ 1.1 billion in an initial public donation.

The action opened at $ 90 on the New York Stock Exchange, which is 143% above the IPO – $ 37. Then the shares were stopped at about $ 102.44 per share.

Campaign at the price of its IPO at the beginning of Wednesday far above The expected range of this week from 32 to 33 dollars and The initial range of last week From $ 28 to $ 31, estimating the company by about $ 5.4 billion before the bidding began.

Bullish, headed by former President of the New York Stock Exchange, Tom Farley and supported by a billionaire billionaire, focuses on institutional investors and combines decentralized finance protocols with the safety campaign.

“The last stage of the crystore, the last 10 years, was mostly a retail trade, and … an institutional wave began,” Farley said on Wednesday, “Squawk on the street” CNBC. “This is here, and this is a matter of how big it will be. Based on the reception we have so far, as part of our IPO, it feels that institutional investors feel it may be a moment.”

Since the launch of the company in 2021, the total bidding volume on Bullish Platform has exceeded $ 1.25 trillion since March 31. The Cayman’s Cayman is also owned by Crypto News with Coindesk, which includes crypto indexes, data and analytics.

Bullish joins the party of companies seeking to take advantage of the Trump administration to the crystals. In June Issuer StableCoin Wheel bring Very successful debut on the stock marketIncrease more than $ 1 billion. Then moved transfer Mike newbuilding Galaxy Digital to Nasdaq from Toronto as well as the app for trading and cry Etoro’s IPO, which appreciated it at $ 5.4 billion. Crypto Raist Startup Bitgo and Crypto Exchange Gemini also confidentially filed for us lists.

This is the second Bullish attempt to become public in four years since the company launch.