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Shares of cryptocurrency-exchange operator Bullish surged in their debut on the New York Stock Exchange, more than doubling in value and briefly giving the company a market capitalization above $16 billion.
On Aug. 13, the Cayman Islands-headquartered company, which also owns the crypto news site CoinDesk, priced its initial public offering at $37 per share early Wednesday. By the time trading began at 1 p.m. EST, the price had already shot up to $90 a share.
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