Kraken Files for IPO After Raising $800 Million at $20 Billion Valuation
Key points Kraken filed a confidential S-1 with the SEC to begin its public listing process. The S-1 filing followed an $800 million financing round announced earlier that day. The funding round valued Kraken at $20 billion. The SEC dropped its betting-related case against Kraken in March. Kraken’s planned IPO would be the largest US…