Peter Thiel-backed Bullish targets up to $4.82 billion valuation in upsized IPO

Crypto exchange Bullish upsized its initial public offering on Monday and is now targeting a valuation of up to $4.82 billion in its U.S. listing, underscoring sustained investor interest in digital assets.

The Peter Thiel-backed company aims to raise up to $990 million by selling 30 million shares priced between $32 and $33 each.

This compares with its prior offering of 20.3 million shares at a proposed range of $28 to $31 per share.

Bullish aims to list on the NYSE under the symbol "BLSH".

J.P.Morgan, Jefferies and Citigroup are the lead underwriters for the IPO.