Key takeout
- Kraken is looking to raise $500 million at a $15 billion valuation ahead of a potential IPO.
- The company is targeting its Q1 2026 public debut, which has withheld regulatory clarity.
Crypto Exchange Kraken is looking to raise $500 million in a new funding round valued at the company at $15 billion. It has been reported Tuesday.
A potential move will arise as Kraken prepares for an early initial public offering (IPO) in the first quarter of 2026, Bloomberg reported in March.
The exchange has not officially confirmed the IPO’s plans, but CEO Arjun Sethi said at the time that it will only be made public if Kraken has a meaningful benefit to users, partners and shareholders.
Another Bloomberg report last year noticed that Kraken was discussing Raising more than $100 million from pre-IPO funding The round is expected to end by the end of 2024. The company is reportedly considering raising up to $1 billion through a mix of debt and fairness, depending on the market situation.
