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Kraken Nears $20B Valuation in Pre-IPO Fundraise, Eyes 2026 Listing
Kraken Nears $20B Valuation in Pre-IPO Fundraise, Eyes 2026 Listing
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BTCCSquare news:
Kraken is finalizing a $200-300 million strategic funding round that WOULD catapult its valuation to $20 billion, according to people familiar with the matter. The San Francisco-based exchange recently closed a $500 million round at a $15 billion valuation, demonstrating accelerating institutional interest ahead of its planned public debut.
Morgan Stanley and Goldman Sachs have been tapped to lead the IPO preparations, expected as early as 2026. The fresh capital injection coincides with Kraken's $1.5 billion acquisition of derivatives platform NinjaTrader - a MOVE signaling the exchange's aggressive expansion beyond spot trading.
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