Crypto Exchange Kraken Is in Talks for Pre-IPO Fund Raising Round [BNN Bloomberg (Canada)]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: BNN Bloomberg
The exchange would likely seek to raise more than $100 million, one of the people said. With cryptocurrencies on the verge of all-time highs again and a perceived shift in a US regulatory pushback against digital assets, companies in the sector are receiving renewed interest from investors and reviving talks of going public. Robinhood Markets Inc. said Thursday it will acquire the crypto exchange Bitstamp Ltd. Kraken has talked about doing an initial public offering since at least 2021. Kraken would likely raise the money in a so-called pre-IPO round, two of the people said, who asked for anonymity because the discussions haven't been made public. The fund raising may be completed by year-end, according to one of the people. Kraken, whose parent company is Payward, was founded in San Francisco in 2011. “We are always exploring strategic paths toward Kraken's Mission: accelerating the global adoption of crypto,” Kraken said in a statement while declining to comment specifically on
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- Robinhood Markets, Inc. (NASDAQ: HOOD) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $29.00 price target on the stock.MarketBeat
- Robinhood Markets, Inc. (HOOD) Just Overtook the 20-Day Moving Average [Yahoo! Finance]Yahoo! Finance
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HOOD
Earnings
- 5/8/24 - Beat
HOOD
Sec Filings
- 6/24/24 - Form 4
- 6/20/24 - Form 144
- 6/6/24 - Form 4
- HOOD's page on the SEC website