\n<\/p>\n
Tom Farley, the former president of the prominent New York exchange and now the CEO of Bullish, saw his new endeavor achieve impressive results following its public listing.<\/p>\n
The Peter Thiel-backed exchange is joining industry counterparts in a growing list of crypto corporations that are gaining access to traditional stock markets and indexes.<\/p>\n
The digital assets exchange Bullish\u00a0rang<\/a> the New York Stock Exchange (NYSE) opening bell earlier this week, signaling a successful initial public offering (IPO) and its launch as a publicly traded company with the ticker BLSH.<\/p>\n The stock\u2019s opening price was $90, and it reached a high of $118 before adjusting to $68, which is also the price as of press time, according to Google Finance.<\/p>\n The initial valuation<\/a> aimed at an opening stock price of $28 to 31$, which represents a 190% increase from the highest target price, making their second attempt at going public one of the most successful IPO\u2019s for the year. The company managed to raise $1.1 billion in the offering, compared to the initial target of $629.3 million by selling 20.3M shares.<\/p>\n Bullish\u2019s notable IPO adds it to a growing list of trading companies that have gone public, with a recent example being eToro. This exchange platform joined the stock exchange in May, reaching a valuation of approximately $4.2 billion.<\/p>\n Only one other crypto exchange has gone public to date, and that\u2019s Coinbase, which\u00a0joined<\/a> the NASDAQ with a hefty valuation of $85.8 billion in April 2021.<\/p>\n The conditions for this public debut were, to say the least, accommodating, with crypto-friendly legislation from the White House, growing investor and institutional confidence, and a steady stream of capital flowing towards crypto assets and various financial instruments that have surfaced from them.<\/p>\n Apart from exchanges, other crypto institutions have also listed on public exchanges, highlighting the ever-increasing adoption levels of companies in the digital assets space.<\/p>\n BitFuFu Inc., a Bitcoin mining company, completed a SPAC merger with Arisz Acquisition Corp. and joined the NASDAQ in March 2024, with the combination valued at $1.5 billion.<\/p>\n The issuer of the second-largest stablecoin by market capitalization, Circle,\u00a0raised<\/a> $1.1 billion in its IPO, which valued the company at $6.9 billion when it listed on<\/span> the NYSE.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nCrypto Peers in The Public Space<\/h2>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n
![<\/a>Source: Google Finance<\/strong><\/figcaption><\/figure>\nThe initial valuation<\/a> aimed at an opening stock price of $28 to 31$, which represents a 190% increase from the highest target price, making their second attempt at going public one of the most successful IPO\u2019s for the year. The company managed to raise $1.1 billion in the offering, compared to the initial target of $629.3 million by selling 20.3M shares.<\/p>\nBullish\u2019s notable IPO adds it to a growing list of trading companies that have gone public, with a recent example being eToro. This exchange platform joined the stock exchange in May, reaching a valuation of approximately $4.2 billion.<\/p>\nOnly one other crypto exchange has gone public to date, and that\u2019s Coinbase, which\u00a0joined<\/a> the NASDAQ with a hefty valuation of $85.8 billion in April 2021.<\/p>\nThe conditions for this public debut were, to say the least, accommodating, with crypto-friendly legislation from the White House, growing investor and institutional confidence, and a steady stream of capital flowing towards crypto assets and various financial instruments that have surfaced from them.<\/p>\nCrypto Peers in The Public Space<\/h2>\nApart from exchanges, other crypto institutions have also listed on public exchanges, highlighting the ever-increasing adoption levels of companies in the digital assets space.<\/p>\nBitFuFu Inc., a Bitcoin mining company, completed a SPAC merger with Arisz Acquisition Corp. and joined the NASDAQ in March 2024, with the combination valued at $1.5 billion.<\/p>\nThe issuer of the second-largest stablecoin by market capitalization, Circle,\u00a0raised<\/a> $1.1 billion in its IPO, which valued the company at $6.9 billion when it listed on<\/span> the NYSE.<\/p>\n\nSPECIAL OFFER (Sponsored)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Tom Farley, the former president of the prominent New York exchange and now the CEO of Bullish, saw…\n","protected":false},"author":2,"featured_media":14449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-35283","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/35283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35283"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/35283\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/14449"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-14-152942.png\"){kind=link}