Bullish's shares were indicated to open more than 75 per cent above their initial public offering price on Wednesday, signaling growing investor confidence in the sector and boosting prospects for future U.

Bullish, a cryptocurrency exchange operator that counts billionaire Peter Thiel amongst its backers, said its U.S. initial public offering was priced above its indicated range at $37 per share.The offering raised $1.

Bullish shares jumped 84% from the initial public offering (IPO) price after the digital-asset exchange operator and owner of media outlet CoinDesk raised US$1.1bil in an IPO.