Ah, the mysterious world of cryptocurrencies! Just when you think it couldn’t get any wilder, Kraken – yes, that Kraken – decides to wade into the treacherous waters of public markets. And just like any self-respecting company, it is waiting with bated breath for the U.S. Securities and Exchange Commission (SEC) to give it the thumbs-up.
Yes, folks, you heard it right. Kraken, through its parent company Payward, has decided that it’s time to file for an Initial Public Offering (IPO). So what’s the catch? Well, let’s dive in, shall we?
- Payward, the mysterious overlord behind Kraken, has filed for an IPO.
- The number of shares? Who knows! The price? Still a riddle wrapped in an enigma!
- Apparently, crypto firms are all jumping on the IPO bandwagon like it’s the hottest trend since the invention of blockchain.
Now, hold on to your hats, because despite the rollercoaster ride that is digital asset volatility, crypto exchanges are knocking on the door of investment opportunities. On November 19, Kraken, with all the drama of a high-stakes poker game, revealed that it had confidentially filed for an IPO. Yes, the Form S-1, that thrilling piece of paperwork, was submitted to the SEC, probably accompanied by a very dramatic sigh.
The IPO would allow Kraken to put its shares on the public market, which means every Tom, Dick, and Harry with a couple of bucks to spare could theoretically invest. But alas, the Wyoming-based company will have to twiddle its thumbs until the SEC deigns to approve the whole thing. What’s more, Kraken’s parent company boldly stated that it hasn’t yet decided how many shares it wants to offer or what kind of price they’ll be slapping on them. Exciting, right?
“The number of shares to be offered and the price range for the proposed offering have not yet been determined,” Kraken sheepishly admitted in a press release. “The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions.”
And the IPO Boom Rolls On
This news comes on the heels of Kraken raising a tidy $800 million in two separate funding rounds. This windfall bumped the company’s valuation up to a mind-boggling $20 billion. I mean, who’s counting at this point?
But wait, there’s more! Kraken isn’t the only crypto firm to hitch its wagon to the public market star. In fact, just last month, Grayscale Investments also filed to list on the New York Stock Exchange. Can you feel the excitement building?
And let’s not forget the trailblazers: Circle, Gemini, Bullish, and Figure Technologies. All of them have already completed their IPOs. In particular, Circle made headlines when it posted a jaw-dropping 120% gain on its first day of trading. It’s almost as if the stock market is a casino, and everyone’s just gambling with their crypto fortunes.
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2025-11-19 20:52