Kraken, one of the world’s largest cryptocurrency exchanges, has tentative plans to go public next year, according to CEO Jesse Powell.
Powell appeared on a segment on CNBC after Kraken published record-breaking fourth-quarter results, including a surge in trading volumes and new client signups.
“The first quarter just completely blew away the entirety of last year," il a dit. “We beat last year’s numbers by the end of February. The whole market has really just exploded.”
Regarding a potential stock market debut, Powell said 2022 is a likely target for a new listing:
“We’re looking at being able to go public sometime next year. […] It would probably be a direct listing, similar to Coinbase.”
Coinbase plans to stage its public offering on April 14, providing Wall Street with a more conventional way to gain exposure to the crypto boom. Unlike a traditional initial public offering, the company will go public through a direct listing. That means the current owners of Coinbase shares will convert their holdings to make them available for listing — a move that avoids a lengthy, costly underwriting process.
Like Kraken, Coinbase is coming off a record-breaking first quarter, with revenues hitting $1.8 billion following a 276% surge in trading volume.
Although Kraken is unlikely to achieve the same $100 billion valuation that many analysts are predicting for Coinbase, a public listing would likely still be massive. Le mois dernier, Kraken told Cointelegraph that its public listing would simply be “too big” to go through a special purpose acquisition company, or SPAC.
A company spokesperson explained:
«Si Kraken décidait de devenir publique, il le ferait via une liste directe et non via un SPAC, car nous sommes trop gros pour suivre cette voie. »
Bloquons les annonces! (Pourquoi?)
La source: Cointelegraph