Kraken Files for IPO with $20 Billion Valuation, Aiming for Mid-2026 Launch
- IPO Process Initiation: Kraken has formally initiated its IPO process by submitting a confidential S-1 filing, with a potential launch in mid-2026, marking its position as a leading US crypto exchange and likely attracting increased investor interest.
- Strong Financial Performance: In 2024, Kraken reported approximately $1.5 billion in annual revenue, more than doubling year-over-year, with an EBITDA of $424 million, demonstrating its profitability and sustainable growth potential in the crypto market.
- Diversified Business Expansion: Kraken is not only focused on spot trading but is also aggressively expanding into derivatives, tokenized equities, and payment services, building a comprehensive crypto financial ecosystem that enhances market competitiveness and customer loyalty.
- Elevated Market Expectations: Market consensus suggests Kraken's IPO valuation could range between $16 billion and $22 billion, reflecting growing confidence in its fundamentals and future growth, further driving the convergence of crypto assets with traditional finance.
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Technical Analysis for S
Technical Sentiment Analysis for Sonic (prev. FTM) (S) As of , Sonic (prev. FTM) (S) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for S stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, S is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sonic (prev. FTM) (S) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0124 | 0.0251 | 0.0363 | 0.049 | 0.0601 | 0.0728 | 0.0839 |
| Fibonacci | 0.0251 | 0.0342 | 0.0399 | 0.049 | 0.0581 | 0.0637 | 0.0728 |
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