Kraken Valuation Takes Hit: Secondary Market Investors Mark Down Crypto Exchange Ahead of Public Debut
Kraken’s long-awaited push toward an IPO is facing a new test: private investors appear to be cooling on the exchange’s valuation.
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Why It Matters
Some private investors who own pieces of Kraken (a big cryptocurrency exchange) think it's worth less money than before. This can give clues about whether people believe the company will do well when it eventually opens up for public investors to buy shares.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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