Kraken announced that it has submitted a draft IPO registration statement to the U.S. SEC

According to official news, Kraken has announced that it has submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission, intending to issue common stock, with the number of shares and price range yet to be determined.

This initial public offering is expected to take place after the SEC completes its review process, with the specific timing depending on market conditions and other factors.