Kraken to Raise $500M in Funding at a $15B Valuation Alongside IPO Ambitions: Report
Main Idea
Kraken plans to raise $500 million in funding at a $15 billion valuation ahead of its anticipated IPO in Q1 2026, amid a broader trend of crypto firms preparing for public listings.
Key Points
1. Kraken is reportedly planning to secure $500 million in funding at a $15 billion valuation.
2. The company's IPO is scheduled for the first quarter of 2026.
3. Kraken reported a revenue surge to $472 million in Q1 2025, a 19% year-over-year increase.
4. Other crypto firms, such as BitGo and Gemini, have also recently filed for IPOs.
5. Kraken's co-CEO Arjun Sethi and former CEO Jesse Powell have previously discussed the company's IPO plans.
Description
Crypto exchange Kraken is reportedly planning to secure $500 million in a funding round at a $15 billion valuation. The move comes ahead of its well-known initial public offering (IPO) , planned for the first quarter of 2026. The Information reported the news on Tuesday, citing industry sources. According to Arjun Sethi, who was appointed as Kraken’s co-CEO in late 2024, the latest funding round could help the company get investors comfortable with the valuation, which had lacked before, pulling...
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