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.

Bullish, a digital-asset exchange operator and owner of media outlet CoinDesk, is looking to raise as much as $629.3 million in its US initial public offering.

Cryptocurrency exchange Bullish, backed by billionaire investor Peter Thiel, has officially entered the IPO arena with the filing of its F-1 registration with the U.S. Securities and Exchange Commission (SEC). The company plans to offer 20.3 million ordinary shares at a price range of $28 to $31, potentially raising up to $629 million.