Bullish stocks indicated opening nearly 62% above IPO price in its NYSE debut on August 13, potentially valuing the billionaire Peter Thiel-backed cryptocurrency exchange at $8.77 billion.

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.

Cryptocurrency exchange Bullish increased the size and price of its upcoming initial public offering, according to a SEC filing on Monday.