Kraken Confidentially Files For IPO, Targets $20 Billion Valuation
Kraken has confidentially filed for a U.S. IPO, moving ahead with a long-anticipated public listing as crypto firms race to reach markets before the 2026 midterms.
Kraken Moves Ahead After $20B Valuation
The filing comes a day after Kraken closed an $800 million round that pushed its valuation to $20 billion, a 33% increase in under two months.
The exchange said it submitted a draft S-1 registration statement to the Securities and Exchange Commission, though share count and pricing details have not been set.
The move has been expected since March, when the SEC dropped its lawsuit against Kraken’s staking services under the Trump administration.
Reports earlier in the year indicated the firm aimed to raise hundreds of millions of dollars ahead of going public.
Crypto Firms Race To List Before 2026 Elections
Kraken’s filing adds momentum to a broader rush among digital asset companies preparing to tap U.S. equity markets …
About The Author
