Kraken Pursues $300M Funding Ahead of Planned IPO
The post Kraken Pursues $300M Funding Ahead of Planned IPO appeared com. Key Points: Kraken seeks $300M funding with a $20B valuation ahead of planned IPO. Morgan Stanley and Goldman Sachs as underwriters. No official statement released from executives as of yet. Kraken is reportedly negotiating a new funding round of $200$300 million, aiming to achieve a $20 billion valuation, ahead of a planned IPO with Morgan Stanley and Goldman Sachs. This potential funding round could significantly impact valuation expectations in the cryptocurrency market, particularly as Kraken prepares for its upcoming public listing. Kraken Targets $20 Billion Valuation with New Funding Kraken is reportedly in advanced talks for a strategic funding round, aiming to raise between $200 and $300 million. The cryptocurrency exchange could reach a valuation of $20 billion upon securing this funding. Notably, Kraken recently appointed David Ripley as the new CEO following Jesse Powells tenure. The anticipated influx of funds signals Krakens growth trajectory as it prepares for an initial public offering with Morgan Stanley and Goldman Sachs acting as underwriters. Previous fundraising efforts valued Kraken at $15 billion, demonstrating a significant market valuation increase. Industry figures and the broader cryptocurrency community have yet to openly comment on these funding plans. Both Krakens co-founder Jesse Powell and CEO David Ripley have maintained silence on social media. The exchanges official communication channels reflect routine updates without addressing these developments. Our commitment to innovation and security will continue to drive our growth and success in this evolving landscape. Jesse Powell, Co-founder, Kraken Potential Regulatory Scrutiny Ahead for Kraken Did you know? Krakens strategic funding aims to boost its valuation by $5 billion, echoing past patterns seen in major crypto exchange valuations post-funding announcements. According to CoinMarketCap, Bitcoin (BTC) currently trades at $109,482. 60, reflecting a 24-hour change of -0. 18%. With a market cap of $2. 18 trillion and dominance at 57. 75%, Bitcoin.