Kraken in Talks for Pre-IPO Fundraising Round, IPO Expected in 2025: Bloomberg

Jun 6, 2024, 05:05 PM

Kraken, the cryptocurrency exchange, is reportedly in talks for a pre-IPO fundraising round, according to Bloomberg. The company is considering raising a final funding round ahead of a possible initial public offering (IPO). This move is seen as a strategic step towards the IPO, which is expected to take place in the first half of 2025. The timing of Kraken's IPO is notable, drawing comparisons to Coinbase's IPO in 2021. The news broke on June 6, 2024.