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Crypto Platform Bullish Shares Debut Above $100, More Than Doubling IPO Price

Shares of crypto exchange Bullish (BLSH) soared to $102 in initial trades on Wednesday, their first day of action on the New York Stock Exchange.

The company priced its initial public offering (IPO) at $37 per share, above the expected $32 to $33 range. That price valued the Cayman Island-based crypto exchange at a total market value of $5.4 billion.

 » Read more about: Crypto Platform Bullish Shares Debut Above $100, More Than Doubling IPO Price  »

Peter Thiel-Backed Crypto Exchange Bullish Nearly Doubles in Trading Debut

Key Takeaways

  • Shares of cryptocurrency exchange Bullish soared in their debut on the New York Stock Exchange Wednesday, after an upsized initial public offering.
  • Bullish’s launch comes after a series of strong crypto IPOs this year, pointing to improving appetite for new listings as major coins have climbed in value.

 » Read more about: Peter Thiel-Backed Crypto Exchange Bullish Nearly Doubles in Trading Debut  »

Top stocks in news: RIL, Infosys, BPCL, Zydus Life, ICICI Bank, IRCTC, Jain Irrigation

Indian benchmark indices settled higher on Wednesday on the back of positive inflation data from India ahead of the Trump-Putin meeting later today. BSE Sensex surged 304.32 points, or 0.38 per cent, to settle at 80,539.91, while NSE’s Nifty50 gained 131.95 points, or 0.54 per cent, to close at 24,619.35. Here are the stocks that may remain under spotlight before the opening bell on Thursday,

 » Read more about: Top stocks in news: RIL, Infosys, BPCL, Zydus Life, ICICI Bank, IRCTC, Jain Irrigation  »

Bullish stock ends first day at $70 with 90% gain, giving crypto exchange market cap above $10 billion

Cryptocurrency exchange operator Bullish (BLSH) closed its first day of trading at $70 on Wednesday, up just under 90% from where the company priced its IPO and valuing the company at more than $10 billion.

Still, this marked a more than 20% drop from where the stock opened for trade.

 » Read more about: Bullish stock ends first day at $70 with 90% gain, giving crypto exchange market cap above $10 billion  »

Stock Market LIVE Updates: GIFT Nifty hints a flat opening; US markets gain

Market on Wednesday | Nifty back above 24,600, Sensex up 304 pts amid buying across sectors

Indian market ended higher on August 13, erasing previous session losses, helping Nifty to close above 24,600, led by buying across the sectors.

The ease in US July CPI at 2.7 percent and decline in India’s retail inflation to 1.6 percent,

 » Read more about: Stock Market LIVE Updates: GIFT Nifty hints a flat opening; US markets gain  »

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