Bullish is set to go public on Wednesday after pricing its IPO above a range that was increased during its roadshow.

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

Crypto exchange Bullish priced its IPO at $37 per share, above its expected range, giving it a market value of over $5 billion.