Kraken, the second-largest cryptocurrency exchange in the US, is reportedly gearing up for an initial public offering (IPO) and is currently in talks for pre-IPO financing, as per reports from Bloomberg. This move comes on the heels of Coinbase’s successful public listing during the last cryptocurrency bull market.
Sources suggest that Kraken is aiming to secure over $100 million in funding during this round. With cryptocurrencies poised to hit new all-time highs and regulatory scrutiny on digital assets easing in the US, companies in the industry are once again catching the attention of investors and considering going public.
The fundraising process is anticipated to be finalized by the end of the year, potentially through a pre-IPO round. While Kraken has not provided specific details on the fundraising or IPO, the company stated, “We are always exploring strategic paths towards Kraken’s mission of accelerating the global adoption of crypto.”
In preparation for a successful IPO early next year, Kraken is reportedly seeking a prominent figure to join its board. It’s important to note that this information does not constitute investment advice.
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