Crypto exchange Kraken eyes $100m pre-IPO raise

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As a seasoned crypto investor with a keen interest in the latest developments within the industry, I’m keeping a close eye on Kraken’s fundraising efforts ahead of its anticipated IPO. With a long-standing reputation as a crypto titan and trailblazer for innovation, Kraken’s potential $100 million funding round is an intriguing development.

Top crypto exchange Kraken is in discussions for a final funding round before going public. 

As a crypto investor, I’ve heard through reliable sources that Kraken is planning to secure approximately $100 million in funding before moving forward with an Initial Public Offering (IPO). Insiders close to the situation believe that Kraken could finalize this funding round by the end of the year.

A Kraken spokesperson declined to comment on the matter when contacted by crypto.news. 

Kraken, a cryptocurrency giant with an extensive background in supporting the burgeoning sector and driving innovation, faces uncertainty regarding the outcome of ongoing legal disputes, making it uncertain what their recent fundraising initiatives will bring about.

Last year, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Kraken for accusations of intermingling client assets with corporate funds and running an unregistered securities exchange without permission. Kraken contested these claims, maintaining their innocence, while dealing with similar charges alongside industry peers such as Coinbase.

Kraken and crypto companies target bigger balance valuations

As a crypto market analyst, I’ve noticed some American cryptocurrency companies preparing for Initial Public Offerings (IPOs) as the regulatory landscape in the U.S. begins to shift prior to the winter presidential elections. In January of this year, Circle, a well-known stablecoin issuer, successfully filed its IPO through a Special Purpose Acquisition Company (SPAC) agreement – an approach it had previously attempted but ultimately abandoned.

Telegram may not be originally a blockchain company, but it has gained significant attention in this field due to its connections with The Open Network (TON). Furthermore, the platform is planning to hold an Initial Public Offering (IPO) in the near future.

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2024-06-06 22:54