diff --git a/CHANGELOG.md b/CHANGELOG.md
index 49ed5739..72e6b32f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,14 @@
 
 All notable changes to the LaunchDarkly iOS SDK will be documented in this file. This project adheres to [Semantic Versioning](http://semver.org).
 
+## [2.3.2] - 2017-05-18
+### Changed
+- The default connection timeout is now actually 10 seconds, down from the system default of 60 seconds. Use `withConnectionTimeout` to change the setting.
+
+### Fixed
+- Potential race conditions when HTTP requests exceed 10 seconds
+- HTTP requests now honor the configured connection timeout
+
 ## [2.3.1] - 2017-04-25
 ### Fixed
 - Benign race conditions in LDRequestManager
diff --git a/Darkly/DarklyConstants.m b/Darkly/DarklyConstants.m
index dce84a66..969c8ad3 100644
--- a/Darkly/DarklyConstants.m
+++ b/Darkly/DarklyConstants.m
@@ -4,7 +4,7 @@
 
 #import "DarklyConstants.h"
 
-NSString * const kClientVersion = @"2.3.1";
+NSString * const kClientVersion = @"2.3.2";
 NSString * const kBaseUrl = @"https://app.launchdarkly.com";
 NSString * const kEventsUrl = @"https://mobile.launchdarkly.com";
 NSString * const kStreamUrl = @"https://clientstream.launchdarkly.com/mping";
diff --git a/LaunchDarkly.podspec b/LaunchDarkly.podspec
index 40eb50b2..3be01434 100644
--- a/LaunchDarkly.podspec
+++ b/LaunchDarkly.podspec
@@ -1,7 +1,7 @@
 Pod::Spec.new do |s|
 
   s.name         = "LaunchDarkly"
-  s.version      = "2.3.1"
+  s.version      = "2.3.2"
   s.summary      = "iOS SDK for LaunchDarkly"
 
   s.description  = <<-DESC
@@ -23,7 +23,7 @@ Pod::Spec.new do |s|
   s.tvos.deployment_target    = "9.0"
   s.osx.deployment_target     = '10.10'
 
-  s.source       = { :git => "https://github.com/launchdarkly/ios-client.git", :tag => "2.3.1" }
+  s.source       = { :git => "https://github.com/launchdarkly/ios-client.git", :tag => "2.3.2" }
 
   s.source_files  = "Darkly/*.{h,m}"