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Kraken CEO Says He’d Only Want to Take His Company Public at a Valuation Above $10B
Summary: Kraken’s co-founder and CEO Jesse Powell says his exchange may seek a public listing “sometime next year” but that there are “no guarantees.” Appearing on Bloomberg TV on Wednesday, Powell was asked whether he would take his company public at a $10 billion valuation. “We are certainly on track though $10 billion dollars is a ...
Kraken’s co-founder and CEO Jesse Powell says his exchange may seek a public listing “sometime next year” but that there are “no guarantees.” Appearing on Bloomberg TV on Wednesday, Powell was asked whether he would take his company public at a $10 billion valuation.
“We are certainly on track though $10 billion dollars is a low valuation,” said Powell. “I wouldn’t be interested in issuing shares at that price.” Powell’s statement comes as rival exchange Coinbase is being valued as high as $100 billion. Kraken is in talks to raise new capital in a move that could see the company’s valuation soar to above $10 billion.
By Amy Liu
Tags: Crypto,Go Public,Jesse Powell,Kraken
Link: Kraken CEO Says He’d Only Want to Take His Company Public at a Valuation Above $10B [Copy]
