Kraken would seek strategic investor for an assessment of USD $ 20,000 before its IPO

By Hannah Pérez

The exchange of cryptocurrencies recently reached an assessment of USD $ 15,000 million after the silent closure of a round for USD $ 500 million; Now it is reported that it seeks more capital before its expected public debut.

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• Kraken looks for more capital before his expected IPO, reports Bloomberg.
• Yesterday it was reported that it closed a round for USD $ 500 million, reaching an assessment of USD $ 15,000 million.
• It is expected to be launched publicly in the US. UU. Next year.

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He Exchange of cryptocurrencies Kraken It is in advanced negotiations to capture new financing that could value the company in around USD $ 20 billion, according to the media Bloomberg.

According to the report of Bloombergwhich cites people familiar with discussions, financing would consist of a commitment between USD $ 200 million and USD $ 300 million by a strategic investor. Although the operation is not completed and depends on market conditions, it would represent a significant increase with respect to Kraken’s recent assessment.

The company, based in Cheyenne, Wyoming, and officially known as Payward Inc., declined to comment on.

The report comes just one day after Fortune report that Kraken Silent a collection round of USD $ 500 million, which values ​​the company in USD $ 15 billionand in the midst of the company’s very anticipated company for an initial public offer (IPO) in the United States, scheduled for next year.

That round included participation of various investment managers, risk capitalists and the co-cement of KrakenArjun Sethi, through his firm Capital Tribeas reported.

Bloomberg He also revealed that Kraken has selected a Morgan Stanley and Goldman Sachs as advisory banks for your IPO. Previous reports had already anticipated that the company sought to debut in the stock market as soon as in the first quarter of 2026.

Kraken prepares for an IPO in 2026

The previous round reinforces the expansion efforts of Kraken at a time of greater generalized adoption of cryptocurrencies and a more favorable regulatory environment in the USA under the administration of Donald Trump.

Founded in 2011, Kraken He has been historically conservative in its capital collection, having collected only around USD $ 27 million in primary capital until this year. However, the company has accelerated its growth plans.

Recently, he began offering trading of tokenized actions, including actions and funds quoted in the stock market (ETFs), expanding its product suite to compete with rivals such as Coinbasewhich already quotes in the stock market.

Under the leadership of Sethi, who assumed office at the end of 2024, Kraken also acquired the futures platform Ninjatrader for USD $ 1.5 billion, adding 2 million customers and strengthening their presence in derivatives and traditional finance.

Kraken He has also begun to disseminate his finances: he reported revenues for USD $ 1.5 billion in 2024 and around USD $ 472 million in the first quarter of this year, according to The Block. In the second quarter of 2025, it registered income for USD $ 411 million and post -bitda earnings of almost USD $ 80 million, according to the company cited by company cited by COINDESK.

This movement is part of a broader context where the main cryptocurrency firms accelerate their collection efforts, with several of them seeking to quote their actions in the public market. Examples include a Tetherin conversations to raise between USD $ 15 billion and USD $ 20 billion at an assessment of USD $ 500 billion, while Circle, Gemini and Bullishthey have gone out American this year. Others like Grayscale and Bitgo They also prepare IPO.

Despite the advances, Kraken He faces challenges, including a recent restructuring that led to the exit of at least four key executives, as part of his pre-IP operational optimization, according to reports.

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Article written with the help of AI, edited by Diariobitcoin

Edited image of Unspash, with Kraken logo

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