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@nilay
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Crypto Exchange Kraken on Track for IPO by 2026
Digital currency exchange Kraken, which legally operates as Payward Inc., is aiming to hold its initial public offering (IPO) by the first quarter of 2026. While the decision is not yet final, Bloomberg News reported, citing people familiar with the matter, that the company is seriously considering the matter.
โWe recently disclosed our 2024 financial guidance to provide greater transparency about our business, and we continue to prioritize this,โ a Kraken spokesperson said. The exchange also plans to pursue a public offering if it is appropriate for its customers, partners and shareholders.
Kraken, which had revenue of over $1.5 billion in 2024, had been considering going public since 2021 and was also looking to raise over $100 million in a pre-IPO funding round in mid-2024. The exchange is now planning to go public, along with other companies such as Gemini and eToro. 0 reply
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