Crypto Firm Bullish Raises $1.1 Billion in IPO Priced Over Range

Bullish raised $1.1 billion in an initial public offering, pricing its shares above the marketed range.

The digital-asset exchange operator and owner of media outlet CoinDesk sold 30 million shares Tuesday for $37 each, the company said in a website statement dated Tuesday. They were earlier marketed at $32 to $33 apiece.

At the IPO price, Bullish would have a market value of $5.4 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission.

Bullish on Monday had increased the number of shares it planned to offer to 30 ...