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 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.

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