Kraken is exploring $1 billion in debt financing, with the plan currently in the early stages
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Planet Daily News: According to informed sources, cryptocurrency exchange Kraken is exploring debt financing of $1 billion before a potential IPO. Sources say the company is working with Goldman Sachs and JPMorgan Chase on this plan, which is currently in the preliminary stages. Any debt raised will be used to drive company growth rather than operational needs, with a minimum of $200 million potentially raised. Another source indicated that in addition to debt financing, Kraken is also considering equity financing. No final decision has been made, and the terms of financing, including the scale, may still change. Representatives from Kraken, Goldman Sachs, and JPMorgan Chase declined to comment. (Bloomberg)
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