Kraken CEO Says He’d Only Want to Go Public at a Valuation Above $10B

[Tanimariya]

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."

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.
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