Kraken Confirms Confidential IPO Filing Despite Valuation Drop
Kraken co-CEO Arjun Sethi confirmed Tuesday that the cryptocurrency trade has filed confidentially for an preliminary public providing with the SEC. Sethi made the disclosure on the Semafor World Economy summit in Washington, D.C. The submitting had first been submitted round November 2025, shortly after Kraken raised $800 million at a $20 billion valuation. Valuation…
