(Reuters) -Gemini is seeking a valuation of up to $2.22 billion in its U.S. initial public offering, the cryptocurrency exchange said on Tuesday, following a blockbuster debut by rival Bullish earlier this year.

The company, backed by billionaire twins Cameron and Tyler Winklevoss, plans to sell 16.67 million shares at $17 to $19 each, raising as much as $317 million at the top of the range.

Recent IPOs, including those of digital bank Chime Financial ( CHYM ) and a space technology firm, drew strong investor demand on their first day of trading.

Goldman Sachs and Citigroup are lead bookrunners on the deal.