Cryptocurrency exchange Kraken’s choice to move ahead with a confidential IPO filing, just days after securing an $800 million raise, shows an exchange trying to capitalize on market momentum while U.S. regulators edge toward clearer crypto rules. The timing surprised some market watchers as the company's recent capital raise implied a strong private-market valuation and provided substantial runway. But the IPO move fits a broader trend playing out across crypto, according to seasoned securities attorney ...

Billionaire investor Bill Ackman, founder and CEO of Pershing Square Capital Management, is advising the Donald Trump administration against rushing initial public offerings (IPOs) for mortgage giants Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) .Ackman’s A Warning Against Rushing IPOsInstead, Ackman unveiled a three-step reform plan on Fox Business‘ “Mornings with Maria” that he claims would secure “hundreds of billions of dollars in value” for taxpayers.“Rushing to IPO is a mistake,” Ackman stated ...

Core Viewpoint - ICICI Prudential Asset Management Co. is nearing approval from India's securities regulator for a significant initial public offering (IPO), which could be one of the largest in the country this year [1][2]. Group 1: IPO Details - The Securities and Exchange Board of India (SEBI) is expected to grant approval in the coming days, with the company initiating discussions with potential investors and aiming for a launch next month [2]. - If successful, the IPO could elevate India's market above last year's record of nearly $21 billion, with the deal potentially raising up to 100 billion rupees ($1.1 billion) and valuing the firm at approximately $11 billion [3]. - ICICI Securities Ltd. and Citigroup are leading the IPO, supported by a record number of 16 additional banks in the syndicate [4]. Group 2: Company Background - The company submitted its draft red herring prospectus on July 8, proposing the sale of up to 17.65 million shares, representing a 10% stake [5]. - ICICI Bank Ltd. holds a 51% stake in the joint venture, while the remaining shares are owned by UK-based Prudential [5].

Dowling said Phantom likely weighed the cost of a public listing. It’s a list that includes regulatory filings, quarterly disclosures, board oversight, and compliance laws that crypto startups have tended to resist in the past.Crypto firms could also be exposed to the same market pressures that plague traditional corporations, such as earnings anxiety, stock market volatility, and the whims of shareholder sentiment. Dowling notes:“Many companies make the decision to stay private and are quite profitable wit ...

US-based cryptocurrency and digital assets exchange Kraken has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission (SEC), marking an official request to offer common stock in an initial public offering. The number of shares on offer and the price of the initial stock offering has yet to be determined. According to a Nov. 19 blog post on the Kraken website, the IPO is expected to occur after the SEC completes its review process. Fundraising an ...

Kraken is planning to go public. One of the world’s biggest crypto exchanges has confidentially filed with the US Securities and Exchange Commission for an initial public offering of its common stock, according to the company. Kraken didn’t set a time for when the IPO will happen, but only said it expected it “to occur after the SEC completes its review process, subject to market and other conditions.” Previous reports have predicted that Kraken would go public in the first quarter of 2026. Co-CEO Arju ...

Kraken IPO. Photo by BeInCrypto Crypto exchange Kraken has taken a concrete step toward going public by submitting a confidential draft registration statement to the US Securities and Exchange Commission (SEC) in advance of a planned initial public offering (IPO). It completes Ark Invest's earlier prediction that US President Trump's administration would open a gateway for firms like Circle to go public. Kraken Takes First Step Toward Public Listing According to an official press release, the San Franci ...

By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Kraken, one of the world's largest cryptocurrency exchanges, said on Wednesday it has confidentially filed for an ​initial public offering in the U.S., as digital asset companies look to tap ‌the new listings market before the 2026 midterm elections. Companies such as stablecoin issuer Circle and crypto exchanges Gemini and Bullish have made ‌strong debuts in the U.S. this year. Kraken's potential listing will fuel competition in a sector where sentime ...

GMPs indicate the mood towards a particular issue and may change by the time bids open for subscription.The recent listings have lifted the About Sudeep Pharma IPOSudeep Pharma has set the price band at Rs 563–593 per equity share for its maiden Rs 895 crore IPO, which will open for subscription on November 21. The IPO will close on November 25. The anchor book will open a day earlier on November 20. Live EventsAt the lower band of Rs 563, the total offer size works out to Rs 854.5 crore, while the upper ...

Core Viewpoint - Proposals to sell a portion of U.S. mortgage agencies Fannie Mae and Freddie Mac through an initial public offering (IPO) are not seen as viable by Bill Ackman, founder of Pershing Square Capital Management [1] Group 1: Company Insights - Bill Ackman expresses skepticism regarding the feasibility of an IPO for Fannie Mae and Freddie Mac, indicating potential challenges in the execution of such a sale [1]