1 year ago
Bullish Shares Soar in Wall Street Debut
Imagine a company called Bullish that lets people buy and sell digital money like Bitcoin.
They decided to start selling shares of their company to the public, like other big businesses.
When they first offered the shares, each one cost $37.
On the first day of trading, the price of these shares jumped up a lot, ending at $68.
This means investors were very excited about Bullish.
The company is based in the Cayman Islands and is led by the former boss of the New York Stock Exchange.
They focus on serving larger financial investors and offer different ways to trade digital money.
Bullish, a digital-asset exchange operator, saw its stock price nearly double in its Wall Street debut.
The company's stock closed at $68, 84% above its IPO price of $37.
Bullish offers crypto spot trading, margin trading, and derivatives trading, with a focus on institutional investors.
Former New York Stock Exchange President Tom Farley is the current CEO of Bullish.
Bullish had initially planned to go public through a SPAC merger but canceled it in 2022.
- Who
- Bullish, a digital-asset exchange operator.
- What
- Bullish, a digital-asset exchange operator, saw its stock price nearly double in its Wall Street debut.
- Where
- Wall Street.
- When
- Shares debuted on Wednesday, August 13.
- Why
- The company's strong debut suggests high investor interest in crypto-linked firms.
Key facts
- Company
- Bullish
- Business
- Digital-asset exchange operator
- IPO Price
- $37
- Closing Price (Debut)
- $68
- Increase from IPO
- 84%
- CEO
- Tom Farley
- Location
- Cayman Islands
Quotes
Tom Farley
Former New York Stock Exchange President and current CEO of Bullish
“being listed on the NYSE gives the company additional credibility that it would otherwise not have.”
CNBC TV 18
