$97,872.00
5.18%$3,455.89
2.31%$2.30
3.81%$691.09
0.39%$194.27
2.27%$0.330314
3.14%$1.00
-0.13%$3,451.64
2.90%$0.919911
0.76%$0.254898
1.56%$40.60
6.94%$25.02
4.32%$5.72
2.66%$4,099.50
3.23%$0.00002286
3.02%$4.58
2.73%$97,836.00
5.20%$0.324216
16.59%$0.396795
8.84%$7.44
2.87%$3,457.51
2.21%$29.29
6.96%$467.19
3.71%$9.47
0.75%$14.42
2.61%$107.89
3.43%$0.00001882
2.86%$4.93
21.59%$5.49
1.62%$3,649.90
3.03%$0.999549
0.01%$375.14
3.94%$1.00
0.48%$9.59
0.16%$11.07
4.51%$0.163236
2.92%$0.517725
5.07%$0.052024
10.19%$27.75
3.25%$1.22
1.84%$7.71
3.21%$490.01
2.62%$24.87
2.46%$1.36
1.78%$3.71
-2.33%$189.15
0.15%$0.805062
1.94%$5.39
5.90%$0.391862
5.66%$3.07
9.00%$1.033
-4.03%$0.117701
-2.24%$46.93
2.68%$0.979364
-4.16%$6.96
2.45%$1.75
4.79%$1.92
2.31%$1.46
3.67%$0.00003247
1.15%$5.28
0.94%$1.67
-0.33%$2.36
0.68%$0.03592338
19.85%$22.78
2.26%$0.225001
4.05%$3,452.05
2.47%$1.002
-0.34%$97,807.00
5.17%$2.01
0.54%$0.87315
4.79%$0.462668
4.04%$2.29
0.73%$5.35
3.38%$0.03798827
9.88%$3,870.96
3.36%$3,574.32
2.96%$0.00017794
2.70%$117.92
5.17%$1.91
7.40%$13.62
3.15%$0.03851678
3.65%$20.07
1.92%$3,637.06
2.39%$0.02975736
2.51%$1.00
-0.20%$0.02745253
4.60%$97,909.00
5.49%$0.612765
3.05%$1,636.19
3.75%$1.42
5.92%$4.93
3.09%$3.33
-0.32%$0.390808
3.17%$0.141386
7.10%$1.38
2.93%$11.33
-0.98%$0.228374
2.00%$7.54
8.05%$0.861063
5.02%$1.037
11.86%$97,628.00
5.36%$198.37
2.10%$3,556.99
2.42%$0.082669
4.53%$37.01
1.97%$0.788827
4.26%$0.338655
7.32%$0.882662
2.56%$1.64
9.96%$17.38
3.83%$0.00000117
1.55%$0.499798
2.27%$56.69
3.19%$1.57
2.76%$1.11
37.49%$241.94
2.56%$0.952158
0.58%$68.26
6.46%$15.27
5.19%$6.80
3.78%$1.14
1.33%$36.48
3.28%$0.518073
5.15%$0.532608
7.60%$97,089.00
3.78%$3,480.02
3.79%$0.00000238
5.77%$1.24
1.39%$3.16
1.64%$5.27
1.81%$97,396.00
4.76%$0.092958
5.24%$14.94
17.97%$0.770349
19.42%$3.90
0.89%$0.290394
4.63%$3.25
4.51%$0.166997
3.29%$3,460.02
2.21%$1.72
10.27%$0.643319
3.22%$0.821997
13.22%$0.01420692
19.69%$0.997982
-0.11%$85.67
2.71%$2.23
7.74%$0.769382
-5.44%$0.202533
5.60%$206.97
2.75%$1.98
1.78%$0.00003731
1.29%$0.74108
2.41%$2.54
2.84%$20.06
30.98%$3,457.88
2.87%$0.00726899
1.21%$275.32
4.91%$0.794972
3.63%$1.56
3.98%$0.00829312
3.11%$0.00669218
2.62%$0.329282
3.32%$0.00980832
12.39%$97,376.00
4.12%$0.00011912
2.93%$1.021
-0.14%$0.997555
-0.03%$2,621.01
0.07%$3,636.73
2.09%$5.78
4.46%$0.612755
16.94%$0.00
1.02%$3,746.14
2.51%$1.26
-1.52%$11.50
11.69%$37.20
17.25%$0.00661744
2.88%$0.087432
2.44%$0.060986
19.28%$2.39
-9.35%$27.54
0.93%$3,459.14
2.97%$0.412374
3.69%$0.273025
2.93%$35.81
12.25%$0.01204424
3.97%$1.00
-0.22%$0.078827
0.70%$1.059
-5.01%$1.30
0.28%$1.60
4.72%$0.00000054
1.45%$17.26
1.45%$97,606.00
5.26%$43.23
14.46%$2,625.64
0.04%$1.25
-0.37%$96,251.00
4.09%$0.472568
5.27%$3,460.29
3.46%$0.506335
-7.19%$3,455.88
2.74%$0.320686
9.31%$1.002
0.03%$4.87
2.86%$0.070232
2.57%$0.063811
1.98%$0.00632546
2.71%$97,548.00
4.98%$0.00255153
3.64%$3,613.93
2.83%$2.08
0.10%$0.00652872
0.93%$3,714.66
2.19%$1.068
0.95%$0.02319399
5.41%$0.00562326
3.24%$0.00000348
24.42%$0.07613
2.38%$0.00102296
0.13%$0.240728
3.68%$0.502008
6.06%$0.278668
22.23%$0.223721
3.29%$0.995924
-0.19%$3.18
5.73%$2.63
0.73%$1.002
0.75%$1.081
-0.08%$3.12
2.56%$89.51
4.85%$5.16
3.36%$0.04032926
1.41%$4.82
2.03%$1.00
0.02%$0.03192543
11.96%$0.702021
3.28%$0.03907056
6.29%$3,820.36
3.02%$47.96
8.65%$0.00000018
1.35%$0.376336
3.07%$0.01100362
2.25%$1.003
-0.26%$0.03902575
2.59%$3.39
2.78%$3,701.61
3.87%$0.138529
-0.10%
Cryptocurrency exchange Kraken is eyeing 2022 as its timeframe to go public, a spokesperson for the platform revealed today.
Currently, Kraken is reportedly engaged in an aggressive fundraising push that would allow it to reach a valuation of $20 billion—twice as much as it currently has. Speaking to The Block today, a spokesperson for Kraken revealed that the company "could go public next year" via a direct listing, the same route chosen by rival exchange Coinbase.
An initial public offering (IPO) or a special purpose acquisition company (SPAC) were previously considered potential routes for Kraken to become a publicly-traded company.
SCOOP: @krakenfx execs eying going public possibly through a SPAC or IPO possibly sometime next year as online crypto exchange's customer growth ramps up; industry sources expect a raft of crypto SPACs this summer and with that, much more regulatory scrutiny more now @FoxBusiness
— Charles Gasparino (@CGasparino) March 16, 2021
A SPAC is akin to a reverse merger where one (already publicly-traded) company acquires another (that wants to go public) and essentially transforms into it. In the case of a SPAC, there is no “real” company that acts as the buyer—only a "blank check company."
However, in a recent interview with Bloomberg TV, Kraken CEO Jesse Powell recently said the exchange would most likely choose the method of a direct listing.
Kraken also told The Block that the company is “too big” for a SPAC. The spokesperson added that the platform is currently “fully focused on scaling our business, filling key roles and making sure we're giving clients the best experience in a time of unprecedented growth.”
Coinbase, another major US crypto exchange, also chose a direct listing as its preferred way of going public. The main difference with a traditional IPO is that during a direct listing, a company can float only already existing shares. In December 2020, the SEC changed the rules for a direct listing, enabling companies to issue new shares as part of the listing. A direct listing also allows firms to avoid some of the expensive requirements of an IPO.
