Kraken Confirms IPO Filing, but Valuation Dropped 33% in Latest $200M Funding

From financemagnates.com

American crypto exchange giant Kraken confidentially filed for an initial public offering (IPO) late last year, its co-CEO, Arjun Sethi, revealed during the Semafor World Economy event in Washington, DC. However, the specifics of the IPO, including valuation and offer size, still remain unknown. The exchange also raised $200 million from Deutsche Börse Group, Bloomberg reported, at a valuation of $13.3 billion, which was below the $20 billion peak valuation it achieved in late 2025. In exchange for the investment, the German exchange group received a 1.5 per cent fully diluted stake in the crypto exchange. The ... (full story)