Bullish's shares were indicated to open at more than double their initial public offering price on Wednesday, signaling growing investor confidence in the sector and boosting prospects for future U.S.

Bullish cryptocurrency exchange raises $1.1B in IPO, backed by Peter Thiel. Shares debut August 13, 2025, amid rising U.S. IPO activity.

Coindesk owner and crypto exchange operator Bullish lifted its IPO range Monday, and now aims to raise up to $990 million. That's up from a $629 million target last week. Why it matters: Investors are pouring into crypto.