Kraken Files Confidential IPO Filing Following $800 Million Fundraising
Kraken has filed to go public by submitting a confidential draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). The number of shares to be offered and the expected price range have not yet been disclosed.
This IPO filing follows the company's completion of an $800 million fundraising round that values Kraken at about $20 billion. The funding round was led by traditional financial investors, including Citadel founder Ken Griffin’s firm. Notably, the IPO filing came just hours after the $800 million fundraising announcement.
The decision to pursue a public listing follows the SEC dropping a lawsuit in March concerning Kraken's staking services, a legal challenge that had been considered a barrier to going public. The IPO is planned to be listed on Wall Street, with the confidential filing previously submitted to regulators.
Report published on November 19, 2025.
