Hoping to follow the blockbuster initial public offerings of peer crypto companies Circle (CRCL) and eToro (TORO), Peter Thiel-backed Bullish is set to make its debut and could start trading as soon as today,

Bullish, the Peter Thiel-backed cryptocurrency exchange, debuted on the stock market with a successful IPO, priced at $37 per share, exceeding its initial range and raising $1.11 billion. Peter Thiel was one of the first outside investors of Mark Zuckerberg's Facebook.

Bullish raises $1.11B in oversubscribed NYSE debut, backed by Peter Thiel, signaling strong institutional demand for crypto-linked stocks.