Kraken is in talks for a pre-IPO funding round, seeking to raise more than $100 million. When asked about a target date for a possible IPO, Kraken CEO Dave Ripley remains tight-lipped. He indicated that the company is in informal discussions with investors.
As for the IPO, Ripley could not provide specific details on timing or anything else. However, he points out that Kraken has a financial profile and a track record of success that makes it larger and more profitable than many listed companies, which explains the interest and questions around a possible IPO.
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