Kraken's Hidden IPO Documents Ignite Fresh Battle for Credibility in the Crypto Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 19 2025
0mins
Source: TipRanks
Kraken's IPO Filing: Kraken has filed a confidential Form S-1 with the SEC for a potential IPO, amidst a surge of crypto firms going public, but emphasizes it is not rushing into the market.
Financial Stability and Strategy: Co-CEO Arjun Sethi asserts that Kraken is financially sound and can afford to wait for the right timing for an IPO, distancing the company from market pressures and hype.
Recent Valuation and Funding: The company recently reached a valuation of $20 billion after raising $800 million in funding, indicating a strategic buildup towards a public offering.
Market Context and Long-term Focus: Despite recent declines in Bitcoin prices, Sethi remains focused on long-term adoption of crypto assets rather than short-term market fluctuations, suggesting that Kraken's strategy is not influenced by immediate market conditions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy GEMI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on GEMI
Wall Street analysts forecast GEMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GEMI is 18.78 USD with a low forecast of 11.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 8.265
Low
11.00
Averages
18.78
High
26.00
Current: 8.265
Low
11.00
Averages
18.78
High
26.00
About GEMI
Gemini Space Station, Inc. is a holding company. The Company, through its subsidiary, Gemini Space Station, LLC, offers a mobile and Web-based crypto asset exchange platform, proprietary wallet infrastructure and custody solutions, high-performance over-the-counter trading solutions tailored to institutions and professionals, a digital art auction platform, a proprietary United States dollar backed stablecoin, and a credit card product that offers crypto asset rewards on customer purchases. The Company operates globally and provides security solutions across all of its product offerings. Its platform simplifies and secures the process of buying, selling, storing, staking, and collecting digital assets. It provides accessible and straightforward educational resources to help its users understand the intricacies of crypto assets. Its Gemini Credit Card, an innovative credit card made available by Gemini, allows users to earn and grow crypto rewards every time they swipe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
American Bitcoin Corp. Rapidly Accumulates Bitcoin Post-IPO
- Bitcoin Reserve Growth: Since its IPO, American Bitcoin Corp. has rapidly accumulated Bitcoin, currently holding 5,843 BTC valued at $520 million, making it the 18th largest Bitcoin holder, surpassing GameStop and Gemini.
- Market Competition Target: The company aims to surpass Galaxy Digital, the 17th largest Bitcoin holder, demonstrating its ambition in building Bitcoin infrastructure despite fierce competition.
- Stock Price Volatility: Since its launch, ABTC's stock has fallen approximately 76%, primarily due to the decline in Bitcoin prices and the expiration of the lock-up period, which allowed early investors to realize profits, reflecting market concerns about its future.
- Analyst Ratings: Roth Capital analyst initiated coverage with a “Buy” rating and a price target of $4, although the stock shows a weak trend in the short term, technical indicators suggest a potential buying opportunity for investors.
Continue Reading
Pinterest Cuts 15% Workforce to Focus on AI Transformation
- Layoff Plan: Pinterest plans to reduce its workforce by less than 15%, reallocating resources to AI-focused roles, which is expected to save the company approximately $175 million annually, supporting its transformation strategy.
- Transformation Goals: The company stated in an SEC filing that the layoffs will accelerate its sales and go-to-market transformation, prioritizing the development of AI-powered products and capabilities to enhance market competitiveness.
- Gemini Platform Shutdown: Gemini Space Station announced it will shut down its Nifty Gateway NFT platform on February 23, 2025, aiming to focus on building a one-stop super app, while still supporting NFTs through the Gemini Wallet.
- AI Impact Concerns: Anthropic CEO Dario Amodei expressed concerns about the potential disruption AI may cause to the job market, suggesting that its effects will be broader and faster than past technologies, potentially leading to greater labor market shocks.
Continue Reading