August has traditionally been a quieter time for initial public offerings as bankers head out of the office for summer vacations. But with the stock market and bitcoin climbing to record highs, those bankers are giving up their summer breaks so they can be a part of the hottest IPO market in four years.

The market rally stalled a bit off the back of hotter-than-expected inflation data. But investors aren't panicking. Why it matters: Investors see the price pressures as proof that consumers can handle more — and that companies can cash in.

A Stellar Debut for Bullish Bullish (NYSE:BLSH) is a cryptocurrency exchange that is backed by Peter Thiel. It made a thunderous entrance into the public markets with its initial public offering (IPO) yesterday,