Crypto Exchange Bullish IPO: The shares rise by 143 % on their back star-news.press/wp

The Cryptocurrency Exchange Bullish witnessed its first appearance on the New York Stock Exchange (NYSE) on Wednesday, as it opened at $ 90 per share – an increase of 143 % over its initial year (IPO) of $ 37.

According to CNBC DataThe arrow, which is circulated under the name Ticker Name Blsh, attracts attention quickly, reaching about $ 102.44 per share. This indicates the interest of the strong investor in the digital assets sector, as companies are increasingly flowing to the public under a new organizational dawn in the United States.

The upcoming public subscription prices are above expectations

Sepatuition of its price Public subscription Many higher than the expected range from $ 32 to $ 33 earlier this week, even higher than initial expectations last week from $ 28 to $ 31. The pricing strategy of this company is estimated at about $ 5.4 billion before the start of trading.

Former President Tom Farley, President of the New York Stock Exchange, is led by billionaire technology, Peter Thil, with a focus on providing a The encryption platform Designed for institutional investors with the aim of integrating decentralized financing protocols (Defi) with a central financial entity security.

In an interview on “Squawk on the Street” from CNBC, Farley expressed optimism about the future of institutional investment in Coded. He pointed out that although the previous contract witnessed the domination of retailers on the market, the tide is turning.

“The institutional wave started,” Farley also stated during the interview, focusing on the important reception that the stock exchange received during the initial public offering process.

The return of encrypted subscriptions

The appearance of Bullish comes for the first time in a favorable organizational environment during the era of President Donald Trump’s administration, which encouraged other companies to follow the public lists.

For example, Stableco Issuer Circle (CRCL) recently entered the successful stock market, raising more than one billion dollars. Stablecoin source also opinion CRCL shares rise more than 168 % on its first day on the New York Stock Exchange in June.

Other companies, including Mike Novoghatz from Galaxy Digital and App Etoro Trading, also moved to Nasdak, which contributed more to recovery in Subscription subscriptions for encryption. Companies like Bitgo and Gemini are also preparing to present US lists.

Despite the excitement that surrounds its public offering, Bullish recorded a significant loss of $ 349 million for the quarter ending on March 31, a flagrant contradiction with the profit of $ 105 million in the same quarter in the previous year.

Along with the rising public subscription, the World Financial Freedom (WLFI) Celebrate Close $ 1.5 billion in Nasdaq Marketsite in Times Square on Wednesday.

The event was distinguished by the opening bell, which was attended by major personalities including Zach Witkeov, co -founder and CEO of World Liberty Financial, and the son of President Trump Eric Trump.

Distinctive image from Dall-E, Chart from TradingView.com

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