Wall Street Heavyweights Back Kraken’s IPO Bid With $800 Million Investment
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- Kraken submitted a confidential draft S-1 to the SEC, initiating its IPO process.
- The filing follows an $800 million fundraise that confirmed a $20 billion valuation.
- Citadel Securities led a $200 million strategic tranche, joining Jane Street and DRW.
Kraken has officially begun the process to go public. The U.S. crypto exchange announced it has confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (SEC). This move positions Kraken for what could be the most significant crypto IPO since Coinbase’s debut in 2021.
The ‘Confidential’ Filing: What’s Known So Far
The filing is confidential. This allows Kraken to withhold sensitive financial details while the SEC conducts its review. The number of shares and price range have not yet been determined. The IPO remains subject to market conditions and final regula…
Read The Full Article Wall Street Heavyweights Back Kraken’s IPO Bid With $800 Million Investment On Coin Edition.
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Kraken CEO: $800M Raise Driven by ‘Conviction’ After FTX 2.0 Rejection
Kraken Raises $800 Million to Advance Strategic Roadmap at $20B Valuation
Wall Street Heavyweights Back Kraken’s IPO Bid With $800 Million Investment
Share:
- Kraken submitted a confidential draft S-1 to the SEC, initiating its IPO process.
- The filing follows an $800 million fundraise that confirmed a $20 billion valuation.
- Citadel Securities led a $200 million strategic tranche, joining Jane Street and DRW.
Kraken has officially begun the process to go public. The U.S. crypto exchange announced it has confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (SEC). This move positions Kraken for what could be the most significant crypto IPO since Coinbase’s debut in 2021.
The ‘Confidential’ Filing: What’s Known So Far
The filing is confidential. This allows Kraken to withhold sensitive financial details while the SEC conducts its review. The number of shares and price range have not yet been determined. The IPO remains subject to market conditions and final regula…
Read The Full Article Wall Street Heavyweights Back Kraken’s IPO Bid With $800 Million Investment On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Kraken CEO: $800M Raise Driven by ‘Conviction’ After FTX 2.0 Rejection