Peter Thiel-backed crypto exchange Bullish indicates 62% rise above IPO price on debut, takes valuation to $8.77 billion
Shares of Bullish, the billionaire Peter Thiel-backed cryptocurrency exchange, indicated that they would open nearly 62 per cent higher than IPO price on their New York Stock Exchange (NYSE) debut today (August 13), according to a Reuters report.
If Bullish stock starts to trade at the last indicated range of $55-60 on the NYSE, could potentially see its value zoom to $8.77 billion on back of the stock price surge, the report added. This signals growing investor confidence in the sector and boosting prospects for future US listings by other digital asset firms, as per Reuters.
