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Kraken’s Road to an IPO: Why the Exchange Wants to Go Public Now
- 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
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Total News Sources40
Leaning Left0Leaning Right0Center5Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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