Kraken filed to go public Wednesday, the cryptocurrency exchange said, just hours after announcing a massive fundraising round valuing the company at $20 billion.
The company said it confidentially submitted a draft S-1 registration form with the SEC to make an initial public offering (IPO) on Wall Street. Kraken said it has not yet determined the number of shares it plans to offer, nor the anticipated price range for those shares.
It added that it expects the IPO to take place as soon as the SEC completes its review process, subject to market conditions.
The move has been widely anticipated since March, when the SEC, under the Trump administration’s control, dropped a lawsuit against Kraken over its staking services.
In the…
Nov 19 2025
