US EditionKraken Valued at $20 Billion After $200 Million Raise From Citadel Securities
- On Wednesday, Kraken confidentially filed with the U.S. Securities and Exchange Commission to pursue a U.S. IPO following an $800 million raise announced Tuesday that valued the crypto exchange at $20 billion and included $200 million from Citadel Securities.
- Kraken, founded in 2011, is positioning itself for public markets but has not set the number of shares or price range, and a Kraken spokesperson declined to comment on timing.
- More than 450 tradable digital assets are available on Kraken, and clients can also trade tokenized equities in the European Union, highlighting its product diversity.
- The move would join a renewed wave of crypto-linked IPOs in the U.S. this year, as recent public-market successes include Circle raising just north of $1 billion in June.
- Amid crypto-friendly policy moves from the Trump administration, firms have renewed IPO interest, with analysts expecting many to go public before the midterm elections next year.
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The exchange filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission. Read more
Kraken Submits Confidential IPO Filing With the US SEC
Kraken has confidentially filed a Form S-1 with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). The filing places the Wyoming-based crypto exchange in the SEC’s review process at a time when the regulator has only recently returned to full operations following a 43-day government shutdown. Confidential IPO Filing Despite being its first formal step toward going public, Kraken has yet to comment on th…
Valorized 20 billion dollars, the crypto exchange Kraken has discreetly launched its process of introducing on the stock exchange in the United States. Payward, the... The article Kraken has discreetly launched its process of introducing on the stock exchange in the United States has appeared first on TipsCrypto.com.
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