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Min Investment
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$5,000
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Offering Date
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February 13, 2026
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Expected Close Date
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February 23, 2026
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Valuation
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$100,000,000
Company Description
Through this second-layer SPV, investors are being offered indirect exposure to Kraken at an implied Price Per Share (PPS) of approximately $46.06, $14.86B post money valuation (after accounting for costs & fees).
Key Deal Facts
Global markets platform serving over 15 million clients 190 countries
Crypto exchange, retail broker, derivatives venue, fintech payments network
Total transaction volume reached $2 trillion in 2025*
Adjusted revenue grew to $2.2 billion in 2025 with $530M adjusted EBITDA
$800 million late stage funding round in 2025
Investors include Apollo, Jane Street, DRW, Citadel Securities
Confidentially filed for IPO, targeting 2026 listing**
Management Team / Advisory Board Bios
Investor Support
Republic