Kraken Stock Price, Valuation & IPO
Private company — Kraken is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$61.47 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 18 November 2025
Last round valuation: $21B
Source: E, September 2026, post-money
Total raised: ~$1.8B
Data last updated: 10 September 2026
About Kraken
One of the world's largest cryptocurrency exchanges.
Kraken is one of the world's oldest and largest crypto exchanges (operating since 2013 with no breach): crypto and derivatives trading, and tokenized equities since 2025. Annual revenue is $2.2B (+33%), EBITDA is $531M (a 24% margin), with 5.7 million active accounts and $48.5B in client assets. In April 2026 Deutsche Börse invested $200M; a confidential IPO filing (Nasdaq) has been confirmed, with listing expected H2 2026–H1 2027.
- Sector: Fintech
- Headquarters: Cheyenne, Wyoming
- Founded: 2011
Key highlights
- Strategic investor before IPO. Deutsche Börse invested $200 million for 1.5% with the integration of crypto trading into the exchange infrastructure — a sign of confidence before the IPO.
- Confidential S-1 filing confirmed. April 14, 2026, co-CEO confirmed an active IPO application (filed in November 2025); the process was slowed by a market downturn.
- The regulatory environment became favorable. SEC lawsuit dismissed, gained access to the Fed, has CFTC/MiFID II/FINRA — one of the most regulated crypto platforms.
- Discount to Coinbase creates opportunity. Valuation $13.3 billion = ~6× revenue versus ~9× for Coinbase with profitability (EBITDA $531 million) — the discount may narrow towards the IPO.
Funding rounds
| Date | Round | Price / share | Post-money valuation |
|---|---|---|---|
| 10 September 2026 | E | $61.47 | $21B |
| 18 November 2025 | D | $61.47 | $20B |
| 26 September 2025 | C | $48.82 | $15B |
| 15 March 2021 | Late-stage VC | $35.00 | $10B |
| 13 May 2020 | B | $19.84 | $5.5B |
| 12 April 2016 | A | $0.17 | $67M |
| 1 January 2013 | Seed | $0.03 | $2M |
Frequently asked questions
How can I buy Kraken stock before the IPO?
Not on a public exchange — Kraken is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
What is the Kraken stock price?
A private company has no single official share price. AXEVIL's consensus estimate is $61.47 per share as of 18 November 2025. Its most recent round implied a post-money valuation of $21B (September 2026).
What is Kraken's valuation (net worth)?
Kraken's most recent funding round valued the company at $21B post-money (September 2026) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Kraken IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Kraken publicly traded?
No. Kraken is a private company and its shares are not listed on any public exchange.
Does Kraken have a stock symbol?
No. Kraken has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.
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Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.