Bullish, the Peter Thiel-backed cryptocurrency exchange, debuted on the stock market with a successful IPO, priced at $37 per share, exceeding its initial range and raising $1.11 billion. Peter Thiel was one of the first outside investors of Mark Zuckerberg's Facebook.

Bullish, the crypto exchange backed by Peter Thiel, raised $1.1 billion in its IPO on Tuesday after pushing its share price higher than expected.

Hoping to follow the blockbuster initial public offerings of peer crypto companies Circle (CRCL) and eToro (TORO), Peter Thiel-backed Bullish is set to make its debut and could start trading as soon as today,