#BullishIPO The exchange, backed by heavyweights like Peter Thiel, debuted on the stock market with an initial price of $37 per share, but the frenzy began when the shares skyrocketed to $118 on the first day. Imagine: almost a 220% profit in hours. This not only shows the hunger for crypto in the traditional market but also marks a before and after for other exchanges that want to follow the same path.