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<p>The post <a href="https://coinpedia.org/news/kraken-prepares-for-ipo-aims-to-raise-100m-before-public-offering/" rel="noopener noreferrer nofollow">Kraken Prepares for IPO, Aims to Raise $100M Before Public Offering</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Kraken is reportedly considering a final funding round ahead of its Initial Public Offering (IPO) as reported by <a href="https://www.bloomberg.com/news/articles/2024-06-06/crypto-exchange-kraken-said-to-be-in-talks-for-pre-ipo-fund-raising-round" rel="noopener noreferrer nofollow">Bloomberg</a>. The exchange is considering raising $100 million in the new funding round, which comes amidst the crypto prices rallying, with BTC hitting all-time highs of over $73,000.&nbsp;</p>
<p>The exchange received inquiries from potential investors during the ongoing crypto market rally, which initiated the discussions of a pre-IPO round.</p>
<h2 class="wp-block-heading" id="h-kraken-s-ipo-plans-and-regulatory-hurdles"><strong>Kraken’s IPO Plans And Regulatory Hurdles</strong></h2>
<p>The exchange had earlier ideas of going public and has been considering an IPO since 2021. However, its plans were affected by previous volatility in crypto prices and regulatory challenges.&nbsp;</p>
<p>Kraken has faced regulatory hurdles from the SEC over its staking feature, and following the collapse of FTX, the SEC intensified scrutiny, leading to a disaster for Kraken. In February 2023, the exchange had settled with the regulator for $30 million. Later, it faced another charge similar to Binance and Coinbase for offering unregistered securities.&nbsp;</p>
<h2 class="wp-block-heading" id="h-kraken-likely-to-raise-funds-by-this-year"><strong>Kraken Likely to Raise Funds By This Year</strong></h2>
<p>Kraken is seeking a high-profile company onboard to help ensure a successful IPO, which could occur as early as next year. The exchange is expected to generate $1 billion to $2 billion in revenue this year. Sources indicate that Kraken would likely seek to raise the funds by year-end. This is to complete the pre-IPO round before moving forward with the public offering.&nbsp;&nbsp;</p>
<p>In April, Kraken announced that it was expanding its regulatory licencing in the United States by acquiring TradeStation Crypto, the digital assets division of TradeStation Group.</p>
<h2 class="wp-block-heading" id="h-the-advantageous-crypto-climate"><strong>The Advantageous Crypto Climate</strong></h2>
<p>The renewed interest in Kraken’s potential IPO is amidst rising crypto prices and a perceived shift in the regulatory landscape. Notably, the political climate has also become more favorable towards cryptocurrencies.&nbsp;</p>
<p>The spike in investor interest in the exchange suggests that investors are warming up to the crypto industry. According to The Block’s data, more than $5.6 billion has been poured into crypto companies since the beginning of this year.</p>

Kraken Prepares for IPO, Aims to Raise $100M Before Public Offering

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