Kraken announced that it has submitted a draft registration statement on Form S-1 for its proposed IPO.

Kraken announced that it has confidentially filed a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) in connection with a proposed initial public offering (IPO) of common stock. The number of shares to be offered and the price range have not yet been determined. The IPO is expected to proceed after the SEC completes its review process, depending on market and other conditions.