Crypto exchange Kraken says it is 'too big' to go public through a SPAC
A spokesperson recently said "$10 billion would be a low valuation" for Kraken. San Francisco-based crypto exchange Kraken has not yet confirmed that it will follow in Coinbase's footsteps by pursuing a public listing, though the company did rule out the possibility of doing so via a special-purpose acquisition company.In a written statement to Cointelegraph, Kraken said it would pursue a direct listing in the event the exchange decided to go public in the United States. This follows speculative reporting from Fox Business’ Charles Gasparino, who yesterday claimed that Kraken was....
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Kraken could follow Coinbase's footsteps by becoming the next Unites States-based crypto exchange to be a publicly-traded company. Kraken CEO Jesse Powell has revealed that the crypto exchange could go public before the end of 2022.Powell made this known during an interview with Bloomberg TV, stating that the move would be a natural progression for the company in its mission to “bring crypto to the world.”According to Powell, Kraken is currently doing “prep work” towards going public in the next 12 to 18 months. However, the exchange CEO did not give a target valuation for the upcoming....
The lending fintech agreed to merge with SPAC Social Capital Hedosophia.
Kraken CEO Jesse Powell is having second thoughts about a direct listing in light of Coinbase going public, and is potentially leaning towards an IPO instead. Jesse Powell is rethinking Kraken’s plan to go public which is set for late 2022, following the uninspiring performance of Coinbase stock (COIN) since its launch on April 14.Speaking with Fortune on June 11, Powell stated that in light of the performance on Coinbase’s direct public offering, the firm is now considering an initial public offering (IPO) more “seriously now,” as the firm is looking to avoid potential issues a direct....
Brooklyn Nets star Kevin Durant has been inducted into the “blank check” hall of fame. Kevin Durant, a two-time NBA champion, has launched a special purpose acquisition company (SPAC) to look at collaborating with technology-driven businesses, including cryptocurrency enterprises. The firm was established in conjunction with Durant’s business associate Rich Kleiman.Durant, who was an early Coinbase backer, isn’t done exploring the sector yet. His new SPAC company is planning to invest in crypto and blockchain-related businesses.The new SPAC, Infinite Acquisition Corp, which was formed on....