NEW YORK, Aug 13 (Reuters) - 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 $1.11 billion for Bullish, based on

30 million shares sold, valuing the company at $5.41 billion.

Bullish was earlier aiming to price its offering between

$32 and $33 per share.

The share sale comes as IPOs are bouncing back following a

dry spell for U.S. equity capital markets that lasted for more

than two years.

Stablecoin issuer Circle Internet ( CRCL ) upsized its

initial IPO in early June on strong investor demand and its

shares have increased more than 400% since then. Shares of

design software maker Figma ( FIG ) surged 250% in its market

debut just over two weeks ago.

(Reporting by Echo Wang and Anirban Sen in New York; Editing by

Dawn Kopecki.)