Digital asset exchange Bullish (NYSE:BLSH) listed its shares on the New York Stock Exchange today, initially priced at $37/share. At the end of business, shares of Bullish were significantly higher, trading at the close up by 83% or $68.
The company now has a valuation of around $10 billion.
Bullish, based in the Cayman Islands, is regulated in Europe and Hong Kong. While it does not yet provide services in the US, it is expected that the platform will be building its presence in North America. Bullish is also the publisher of CoinDesk, having acquired the firm in 2023.
The IPO market has seen renewed interest and successful public offerings in 2025, particularly among Fintech companies. Circle, a stablecoin platform, saw its shares surge on their first day and continues to trade significantly higher than its listing price.
This bodes well for forthcoming Fintech IPOs like Klarna and Upgrade as private firms seek an opportune liquidity event.
