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Shares of cryptocurrency exchange Bullish soared on their first day of trading, more than tripling their IPO price and highlighting renewed investor confidence in digital asset firms. The stock surged 126%, reflecting strong market demand and optimism for crypto-related public listings.
- Bullish's stock surged 126% on its debut, reaching an intraday high of $118 and valuing the company at $12.2 billion.
- The IPO adds to a strong year for crypto-related public listings, including Circle and eToro, signaling renewed market confidence.
- CEO Tom Farley links the IPO to the digital asset industry's next growth phase, supported by a friendlier regulatory environment.
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