Wednesday, August 13, 2025

BLOWOUT NYSE DEBUT: Coinbase Parent Bullish

Aug 13 (Reuters) - Cryptocurrency exchange operator Bullish (BLSH.was valued at about $13.16 billion after its shares more than doubled in their NYSE debut on Wednesday, underscoring investor confidence in the sector and lifting prospects for future U.S. listings by other digital asset firms.

Crypto exchange Bullish valued at nearly $13.2 billion in blowout NYSE debut

By Ateev Bhandari, Atharva Singh and Hannah Lang

August 13, 202511:10 AM PDTUpdated 9 hours ago

The parent of crypto news website CoinDesk raised $1.11 billion in its IPO, valuing the company at $5.4 billion — another sign of mainstream adoption in a market that recently topped $4 trillion.

SUMMARY

Bullish shares more than double in NYSE debut
Crypto exchange prices IPO at $37 vs previously lifted range of $32-$33
Market reaction reflects positively for other crypto firms looking to list
Bullish valued at ~$13.16 billion in NYSE debut

Reuters

Aug 4 (Reuters) - Crypto exchange Bullish is targeting a valuation of up to $4.23 billion in its United States listing, the company said in a filing on Monday, launching its roadshow to capitalize on the momentum built by digital assets amid regulatory clarity.

Companies leveraging crypto and related technologies have rallied on friendly policymaking from the Trump administration, such as the recent passage of the GENIUS Act, which provides an initial regulatory framework for stablecoins.