diff --git a/CHANGELOG.md b/CHANGELOG.md
index d01e68838..4a981b8a3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,9 @@
 
+## Release 0.3.2
+* Fix K-means demo for multi-GPU [#630](https://github.com/h2oai/h2o4gpu/issues/630)
+* CUDA-10
+* Use gcc to build LightGBM on ppc64le
+
 ## Release 0.3.1
 * Fix memory leak [#175](https://github.com/h2oai/h2o4gpu/issues/175) [#204](https://github.com/h2oai/h2o4gpu/issues/204)
 * Static linking with CUDA dependencies
diff --git a/make/version.mk b/make/version.mk
index 26673e1f4..33202655a 100644
--- a/make/version.mk
+++ b/make/version.mk
@@ -1,2 +1,2 @@
 # Build version number
-BASE_VERSION = 0.3.1.10000
+BASE_VERSION = 0.3.2