The second largest American crypto exchange by trade volume is reportedly a first public offer (IPO) candidate for next year.
With reference to people who are familiar with the issue, The information Reports that cracking to an instant is to pick up $ 500 million with a rating of $ 15 billion.
The price tag is a significant increase compared to when the 14-year-old Coinbase seconder was valued at only $ 11 billion in 2022.
The report says that the valuation can influence the plans of the company to become public.
“What it doesn’t really have is the type of schedule of institutional investors who would probably have to make a public list. This last round can help if the investors can get comfortable with that appreciation.”
In March, Bloomberg reported that Kraken is planting a public debut in the first quarter of 2026. The development comes when a number of other cryptom companies consider a stock launch after the election of Donald Trump, who promised to support the digital assets industry.
Kraken has already started to publicly release his financial figures. By moving forward to a potential IPO, the stock market said that it takes into account the interests of the company’s stakeholders.
“We recently announced 2024 financial highlights to be more transparent about our company, something that we started by first publishing the proof of reserves and we will continue to prioritize the future. We will pursue public markets because it makes sense to our customers, our partners and shareholders.”
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