DeutscheBoerse News & Analysis

Kraken (KRK) IPO Filing Confirmed Amid $6 Billion Valuation Loss

Kraken (KRK) co-CEO Arjun Sethi confirmed that the crypto exchange has confidentially filed for a U.S. initial public offering. Notably, Deutsche Börse Group has committed to investing $200 million in Kraken for a 1.5% ownership stake, suggesting a $13.3 billion valuation. In November 2025, Kraken was previously reported to be planning its IPO debut, with the last valuation notable at $20 billion following an $800 million capital raise. The exchange has also experienced a decline in valuation exceeding $6 billion amid challenging market conditions.