Bullish, a crypto exchange, debuted on the New York Stock Exchange, with its stock price (BLSH) more than tripling from its IPO offering of $37, reaching highs of $118 before settling at around $84, marking a 126% increase on its first day. This surge reflects a strong interest in crypto companies going public, similar to Circle's recent successful debut in June, where its stock also tripled. Bullish focuses on institutional investors, aiming to facilitate trading and betting on digital assets' future values. CEO Tom Farley highlighted the firm’s IPO as a sign of the digital assets market entering a new growth phase. The company had initially attempted to go public through a SPAC merger but faced setbacks in 2022 due to market conditions. With a market value of $12.2 billion, Bullish's listing comes amidst a more favorable regulatory environment for the crypto sector, following approvals for Bitcoin and Ethereum spot ETFs by the SEC and increased support from the current administration.

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