The Peter Thiel-backed cryptocurrency exchange Bullish raised the size of its initial public offering on Monday.

Bullish, the digital asset platform for institutional clients, has raised the size of its initial public offering (IPO) to $990 million, reflecting a surge in crypto companies tapping public markets in 2024.

The crypto exchange Bullish filed the parameters of its IPO, planning to raise $629M for a $4.2B valuation. The company's IPO price will range between $28 and $31, with purchase agreements with underwriters and early backers.