Crypto exchange Bullish is looking to raise up to $629 million in its initial public offering, the company said in a filing with the Securities and Exchange Commission on Monday. The owner of the media outlet CoinDesk is eyeing the sale of 20.

Bullish, the cryptocurrency exchange backed by investor Peter Thiel, has initiated the roadshow for its initial public offering (IPO), aiming for a valuation of up to $4.23bn. The exchange plans to issue 20.

We now intend to IPO because we believe that the digital assets industry is beginning its next leg of growth. We view transparency and compliance as hallmarks of how we operate