Kraken boss signals IPO still in play despite reports of pause
Burns Brief
Kraken’s market valuation has dropped from $20 billion to $13 Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
Kraken’s market valuation has dropped from $20 billion to $13.3 billion since the company confidentially filed for an IPO with the SEC in November.
Key Takeaways
- Kraken’s market valuation has dropped from $20 billion to $13
- 3 billion since the company confidentially filed for an IPO with the SEC in November