Bullish, the cryptocurrency exchange backed by billionaire Peter Thiel, said it would be seeking a valuation of more than $4 billion in an initial public offering.

Crypto exchange Bullish is targeting a valuation of up to $4.23 billion in its United States listing, the company said in a filing on Monday, launching its roadshow to capitalize on the momentum built by digital assets amid regulatory clarity.

Crypto exchange Bullish is aiming for a valuation of up to $4.23 billion in its second attempt to go public, according to Reuters. Bullish is seeking up to $629.3 million by offering 20.3 million shares priced between $28 and $31 in its second attempt to go public.