Kraken’s IPO Ambitions Soar with Fresh $20 Billion Valuation Target
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Kraken is setting its sights higher, targeting a massive $20 billion valuation in a new funding round just months after a reported $15 billion raise.
This aggressive pre-IPO move, detailed by Bloomberg, would inject up to $300 million into the company’s war chest.
The bold valuation leap underscores the heated competition among crypto exchanges capitalizing on a bullish market and a crypto-friendly political environment.
With Wall Street giants Morgan Stanley and Goldman Sachs guiding its path to the public markets, Kraken is making a power play to solidify its status as a crypto titan ahead of its expected 2026 debut.
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