Kraken would seek to raise USD $100 million prior to an IPO in the US – DiarioBitcoin
By Hannah Perez
Kraken would be preparing to offer its shares on a US stock exchange. Rumors have been circulating for years about the cryptocurrency exchange’s ambitions to become a public company.
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- Cryptocurrency exchange Kraken would be looking to raise capital to go public
- Reportedly looking to raise $100 million ahead of initial public offering (IPO)
- This is not the first time rumors have circulated about Kraken’s ambitions to go public.
The cryptocurrency exchange Kraken is apparently carrying out preparations prior to a public launch of its shares on the American stock exchange.
Krakenbased in San Francisco, would be in talks to obtain financing prior to an initial public offering (IPO) and would be exploring a raising of USD $100 million, as reported this Thursday by the news agency Bloombergciting people with knowledge of the company’s plans.
Rumors about a possible public listing of Kraken have been circulating in the cryptocurrency space for some time now. In 2021, the company’s then-CEO, Jesse Powell told CNBC that the exchange expected “go public at some point” in 2022 through a direct list, similar to what he did Coinbase.
While both are methods for a company to raise capital by listing shares on a public exchange, direct listing differs from IPO by being a process that allows companies to put their shares directly on the market, without the need for intermediaries or creating shares. new to sell in advance. In both cases, due regulatory approval is required.
Coinbase It is so far the only cryptocurrency exchange listed on the American stock exchange.
News of the company’s latest push to launch publicly in the United States comes amid a dispute with local regulators. The US Securities and Exchange Commission (SEC) filed a lawsuit against Kraken under accusations of violating federal securities laws with its cryptocurrency offering.
A spokeswoman declined to comment on the report. Bloombergbut he said: “We are always exploring strategic paths toward Kraken’s mission: accelerating global cryptocurrency adoption. We remain fully focused on investing in this objective“.
The exchange, founded in 2011 and notable for being one of the oldest on the market, has been busy in recent months dealing with charges from US regulators and pursuing efforts to expand beyond the US.
Article by Hannah Estefanía Pérez / DailyBitcoin
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WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.
