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Kraken Reconsiders Direct Listing Plan Following Lack of Coinbase Performance By Cointelegraph

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Kraken Reconsiders Direct Listing Plan Following Lack of Coinbase Performance By Cointelegraph
Kraken reconsiders direct listing plan following lackluster performance of Coinbase

Jesse Powell is reconsidering Kraken’s plan to go public, which is scheduled for late 2022, following the uninspiring performance of Coinbase (COIN) stock since its launch on April 14.

Speaking to Fortune on June 11, Powell stated that in light of Coinbase’s direct public offering performance, the company is now considering one more initial public offering (IPO) “now” as the company is considering avoid potential problems a direct list presents: