Kraken is in talks with firms including Fidelity, Tribe Capital and General Atlantic to raise the funds. However, if demand is as high as some suspect it will be, Kraken’s value could exceed $20 billion. That follows yesterday’s news that its larger competitor, Coinbase, filed a Form S-1 with the U.S. Securities and Exchange Commission, confirming reports that it will go public with a direct stock listing, probably on Nasdaq.
-
-
Coinbase will go public with historic direct stock sale
The listing will make the U.S.-based cryptocurrency exchange the first firm in the industry to become a public company by selling stock
The leading U.S. cryptocurrency exchange intends to become a publicly traded company with a direct listing of its Class A shares rather than a traditional IPO.
-
Coinbase takes historic step towards stock market listing
The cryptocurrency giant announced that it has filed documents that could lead to the cryptocurrency industry’s first initial public offering
The terse IPO announcement came a day after the appointment of two new board members, including Cisco executive vice president and CFO Kelly Kramer, who will head up the Coinbase board’s Audit and Compliance Committee.
