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Bullish's stock more than doubles at its open, after another hot crypto IPO
The first trade in crypto-trading platform Bullish's stock was at $90 at 1:01 p.m. Eastern for 4.6 million shares, or 143.2% above the IPO pricing of $37. The strong opening comes after the number of shares sold was upsized to 30 million from an original expected offering of 20.
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Bullish’s stock more than doubles with its opening trade, then rises further, in a sign that investors are still clamoring for crypto exposure.
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