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.

Cryptocurrency exchange Bullish is targeting a valuation of up to $4.23 billion in its upcoming initial public offering in the U.S., the company disclosed on Monday, August 4.

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.