Bullish IPO – Crypto Exchange Soars to $13B+ Debut
Introduction Bullish, the Peter Thiel-backed cryptocurrency exchange and CoinDesk parent, made a spectacular entry into public markets on August 13, 2025, opening its NYSE IPO over 150% above its listing price, and achieving a peak valuation of $13.16 billion. Background: Crypto Goes Public (Again) Bullish’s IPO marks a renewed wave of crypto companies tapping public…