Cryptocurrency exchange Bullish has priced its initial public offering at $37 per share, above the expected range of $32 to $33 and giving it a total market value of $5.4 billion.

The company will raise $1.1 billion in the offering of 30 million shares. In a measure of increased investor appetite, Bullish expanded the number of shares sold in the IPO from 20.3 million, which were originally proposed to be sold at between $28 and $31 a share.

Bullish granted its underwriters, led by JPMorgan , Jefferies and Citigroup , a 30-day option to sell an additional 4.5 million shares. Bullish shares will trade on the New York Stock Exchange under ticker symbol "BLSH."

BlackRock and Cathie Wood's Ark Investment Management have indicated interest in purchas

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