Kraken in Talks for Pre-IPO Fund Raising Round - Bloomberg

Crypto exchange Kraken is reportedly in talks for a pre-IPO fund raising round, according to Bloomberg.

• Kraken is said to have received inquiries from potential investors during the current digital-asset market rally.
• The exchange would likely seek to raise more than $100M.
• Kraken has first mentioned a potential IPO in at least 2021.
• Kraken would likely raise the money in a pre-IPO round and seeks to complete the raise by year-end.

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