Kraken Files for Confidential US IPO
- Kraken has filed a confidential draft registration for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC).
- The IPO timeline is subject to regulatory review and market conditions.
- Kraken CEO Arjun Sethi stated the company is not rushing to go public, emphasizing sufficient private capital.
- The company secured $800 million in two funding rounds, raising its valuation to $20 billion.
- Recent revenue growth was driven by expansion into US derivatives trading and new perpetual futures contracts.
Kraken‘s confidential IPO filing marks a strategic move as it strengthens liquidity with recent funding, valuing the company at $20 billion. The timeline depends on SEC review and market conditions.
Source (3.2)https://cryptobriefing.com/kraken-us-ipo-filing/?rand=59535
