SHARES OF BULLISH SOAR IN NYSE DEBUT

Summary from the TLDR Crypto newsletter

Cryptocurrency exchange Bullish soared in its NYSE debut after raising $1.1 billion in an IPO priced at $37 per share, well above the expected range of $32-33. The stock opened at $90 and peaked at $118 before closing at $68, representing an 83% gain on the first day and valuing the company at over $10 billion. Led by former NYSE President Tom Farley and backed by Peter Thiel, Bullish focuses on institutional investors and has processed over $1.25 trillion in trading volume since launching in 2021.