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The cryptocurrency exchange Kraken has announced its intention to raise $1 billion in debt, according to a recent report. This move comes as the company is reportedly considering going public.
As reported by U.Today, Kraken has appointed Doland Capital’s CEO Alex Dolan to lead the IPO process. Dolan was responsible for managing the IPO of LendingClub Corporation in 2015, one of the biggest internet IPOs of all time in the US.
The exchange had previously postponed its IPO plans but is now considering going public due to a more favorable regulatory environment.
Source: https://u.today/kraken-intends-to-raise-1-billion-in-debt
