Kraken Confirms Confidential IPO Filing
Kraken's co-CEO Arjun Sethi confirmed the company has filed for an initial public offering (IPO), according to a report from Semafor World Economy. The filing was first reported in November, but the company paused the IPO in March due to unfavorable market conditions. Kraken's valuation has dropped from $20 billion to $13.3 billion since November.
Topics: Cryptocurrency IPO Kraken Market Conditions Regulatory Developments