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Kraken IPO Confirmed
Description
Kraken co-CEO Arjun Sethi confirmed the crypto exchange has confidentially filed for a U.S. IPO. Deutsche Börse Group is committing $200M for a 1.5% stake implying a $13.3B valuation, down from a prior $20B raise. Kraken previously filed a draft S-1 with the SEC in November 2025 but had not set an IPO timeline. Bitcoin has gained 9% in April, supporting renewed IPO momentum.
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