While Bullish’s IPO has improved with a higher estimated price range, it’s still well under the $9 billion enterprise value it had proposed in its planned merger with a special-purpose acquisition company, or SPAC, in 2022, when the market for new stock issues was drying up. That deal was not completed.

Bullish increased the size and price of its initial public offering, boosting the potential deal size to $990 million from about $629 million as crypto-related companies look to ride high investor interest.

August has traditionally been a quieter time for initial public offerings as bankers head out of the office for summer vacations. But with the stock market and bitcoin climbing to record highs, those bankers are giving up their summer breaks so they can be a part of the hottest IPO market in four years.

A Stellar Debut for Bullish Bullish (NYSE:BLSH) is a cryptocurrency exchange that is backed by Peter Thiel. It made a thunderous entrance into the public markets with its initial public offering (IPO) yesterday,

Wall Street is buzzing about the Bullish IPO. The Peter Thiel-backed crypto company went public on August 13, and BLSH stock nearly doubled in its market debut.