Funding & Business
Crypto Firm Bullish Surges 143% in Debut After $1.1 Billion IPO
Bullish shares jumped 143% from the IPO price after the digital-asset exchange operator and owner of media outlet CoinDesk raised $1.1 billion in an initial public offering.
Shares of the Cayman Islands-based company opened at $90 each on Wednesday, versus an IPO price of $37 apiece, with shares climbing further before being halted. The offering had been upsized to 30 million shares from 20.3 million shares and the marketed price range was increased earlier to $32 to $33 apiece from $28 to $31. Bloomberg’s Mike Regan reports. (Source: Bloomberg)
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Gold has surged to historic highs, fueling a new boom in Western Australia’s goldfields. Giants like Northern Star and Evolution are cashing in on $5,000-an-ounce prices, but investors haven’t forgotten past cycles where miners overspent and underdelivered. This time, companies promise discipline — share buybacks, dividends, and cautious expansion — even as rising costs and global uncertainty put pressure on the industry. (Source: Bloomberg)
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Trump’s efforts to fire Federal Reserve Board Governor Lisa Cook went forward in the courts this week.
Angola faces mounting debt risks as oil revenue drops and external borrowing costs increase, the International Monetary Fund said.
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