4 days ago
Crypto Firm Bullish Surges 143% in Debut After $1.1 Billion IPO
Bullish shares jumped 143% from the IPO price after the digital-asset exchange operator and owner of media outlet CoinDesk raised $1.1 billion in an initial public offering.
Shares of the Cayman Islands-based company opened at $90 each on Wednesday, versus an IPO price of $37 apiece, with shares climbing further before being halted. The offering had been upsized to 30 million shares from 20.3 million shares and the marketed price range was increased earlier to $32 to $33 apiece from $28 to $31.
