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.

Peter Thiel-backed crypto platform and CoinDesk owner Bullish seeks to raise $629 million through a US IPO at a $4.2 billion valuation.

By Ateev Bhandari (Reuters) -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.