Kraken announced that it has submitted a draft IPO registration statement to the U.S. Securities and Exchange Commission.

Odaily Planet Daily reports that Kraken has announced it has filed a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed offering of common stock. The number of shares to be offered and the price range have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, with the specific timing depending on market conditions and other factors.