LIVE🚀💼 $100 MILLION FUNDING ROUND for KRAKEN 2025 IPO 💼🚀
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Kraken, a leading cryptocurrency exchange, is preparing for a potential IPO in 2025. Bloomberg News reports that Kraken aims to raise $100 million through a final funding round by the end of this year to support its IPO plans.
🔍 Seeking Strategic Partnerships:
Kraken is on the lookout for a high-profile company to join its board and assist with organizing the IPO. While talks with potential partners are ongoing, they have so far involved only verbal discussions of terms and valuations, with no formal agreements yet.
Although Kraken has not officially confirmed the IPO, it has stressed its commitment to accelerating global crypto adoption.
📈 Previous Speculations:
Speculation about a Kraken IPO has been circulating since February 2021, with early reports suggesting a $10 billion valuation. In March 2021, Kraken's co-founder and then-CEO Jesse Powell hinted at a potential IPO, calling the $10 billion valuation "low." An IPO was expected in 2022 but did not happen.
💹 Funding and Market Position:
According to Crunchbase data, Kraken has raised over $30 million across more than 20 funding rounds. The exchange's strategy includes seeking both private and public funding to strengthen its market position and support its initiatives.
⚖ Legal Challenges:
Kraken's IPO ambitions could face obstacles due to ongoing legal issues with the U.S. Securities and Exchange Commission (SEC). In November 2023, the SEC sued Kraken, alleging it was operating as an unregistered securities exchange.