#BullishIPO

Bullish, the owner of CoinDesk, has announced an IPO at a price higher than its previously announced range, raising more than $1.1 billion.

The crypto exchange, which includes billionaire investor Peter Thiel, floated its shares in the U.S. at $37 a share, exceeding expectations.

The company sold 30 million shares, raising $1.11 billion, giving it a market value of $5.41 billion.

Bullish joins a growing list of cryptocurrency companies that have gone public this year, taking advantage of the largely benign U.S. regulatory environment under Trump.