diff --git a/setup.py b/setup.py
index 25eacd3a..8b8cece0 100644
--- a/setup.py
+++ b/setup.py
@@ -113,7 +113,7 @@ http://api.mongodb.org/python/current/installation.html#osx
 
 kwargs = {}
 
-version = "3.2b1"
+version = "3.2b2"
 
 with open('README.rst') as f:
     kwargs['long_description'] = f.read()
diff --git a/tornado/__init__.py b/tornado/__init__.py
index bec636f3..1c194d97 100644
--- a/tornado/__init__.py
+++ b/tornado/__init__.py
@@ -25,5 +25,5 @@ from __future__ import absolute_import, division, print_function, with_statement
 # is zero for an official release, positive for a development branch,
 # or negative for a release candidate or beta (after the base version
 # number has been incremented)
-version = "3.2b1"
-version_info = (3, 2, 0, -98)
+version = "3.2b2"
+version_info = (3, 2, 0, -97)