Kraken Confirms Confidential US IPO Filing As Market Conditions Weigh On Valuation Cut To $13.3 Billion
Kraken has confirmed it filed confidentially for a US IPO, even as its valuation fell to about $13.3 billion after a new investment from Deutsche Börse Group. The listing plans were previously delayed by weak market conditions, but the company appears to be keeping the IPO option open while markets recover.
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