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.
25 Articles
25 Articles
Kraken confidentially files for IPO following $800 million raise
Kraken is one of the world's largest crypto exchanges.Tiffany Hagler-Geard | Bloomberg via Getty ImagesKraken confidentially filed to go public in the U.S., a person familiar with the matter told CNBC on Wednesday. A Kraken spokesperson declined to comment on the timing of its plans. Kraken is the latest crypto company to attempt to tap…
Kraken Becomes Latest Crypto Firm With IPO Plans
Cryptocurrency platform Kraken is preparing to go public. The company on Wednesday (Nov. 19) announced it had filed confidentially for an initial public offering (IPO) with the Securities and Exchange Commission (SEC). “The number of shares to be offered and the price range for the proposed offering have not yet been determined,” Kraken’s announcement said. “The initial public offering is expected to occur after the SEC completes its r…
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