Bullish stock surges 218% in NYSE debut as crypto enters Wall Street limelight
From a $37 IPO to $118 intraday, Bullish’s NYSE debut highlights Wall Street’s growing appetite for regulated crypto businesses.
Cryptocurrency exchange operator and media company Bullish made an enormous public debut on the New York Stock Exchange, with shares surging as much as 218% — a clear sign of heightened institutional appetite for crypto-related assets.
After weeks of speculation, Bullish went public on Wednesday at an IPO price of $37, above its earlier target range of $32 to $33 per share.
The stock, trading under the ticker symbol BLSH, soared to an intraday high of $118.00, marking a 218% gain from its IPO price, on trading volume of roughly 38 million shares, according to Yahoo Finance data.