
Kraken Confirms Confidential IPO Filing as Deutsche Börse Takes a $200 Million Stake at a Sharply Reduced Valuation
Kraken co-CEO Arjun Sethi confirmed the exchange's confidential SEC filing at the Semafor World Economy summit, while a concurrent Deutsche Börse investment valued the company at $13.3 billion — a $6.7 billion markdown from its November 2025 fundraise.
