Winklevoss twins-backed Gemini raised the proposed price range for its U.S. initial public offering on Tuesday and is now targeting a valuation of up to $3.08 billion in its listing, reflecting investor interest in crypto ventures.

The cryptocurrency exchange aims to raise $433.3 million by selling 16.67 million shares priced between $24 and $26 each. This compares with its prior proposed range of $17 to $19 per share.

The company has already lined up Nasdaq to buy $50 million in shares in a private placement at the time of its IPO, Reuters reported earlier on Tuesday, citing people familiar with the matter.

U.S. IPOs have resumed a long-awaited recovery as Fall kicks off, with jubilant equity markets and potentially lower interest rates helping cloud the residual tariffs uncertainty an

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