Kraken Eyes Funding Round Ahead of possible IPO

Portfolio company Kraken is reportedly in discussions for a final funding round ahead of a prospective initial public offering (IPO), aiming to raise $100 million. This development follows Bitcoin's surge to all-time highs above $73,000. The exchange, which has been hinting at an IPO for years, could complete the funding round by the end of the year and targets an IPO as early as next year. Kraken seeks a notable board member to ensure a successful IPO.

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While discussions are in preliminary stages, Kraken remains committed to accelerating global crypto adoption. Despite facing regulatory challenges, including a $30 million settlement with the SEC in early 2023, the company continues to explore strategic growth opportunities.

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Disclaimer

Private companies carry inherent risks and may not be suitable for all investors. The information provided in this article is for informational purposes only and should not be construed as investment advice. Always conduct thorough research and seek professional financial guidance before making investment decisions.