Products
KRAKEN
Kraken is a platform that lets you buy, sell, and trade over 200 cryptocurrencies, including Bitcoin, Ethereum, Polkadot, and more. You can also earn rewards by staking your assets, accessing advanced trading features, and learning about crypto with Kraken. Kraken is one of the world's largest and oldest crypto exchanges, with high security, liquidity, and customer service.
Kraken is also planning to go public in 2024, following the footsteps of Coinbase, which had a direct listing in 2021. However, Kraken's CEO Jesse Powell said he is considering a traditional initial public offering (IPO) instead of a direct listing after seeing Coinbase's volatile performance. Kraken was valued at $10 billion in 2021 but reportedly sought to double its valuation to $20 billion. Kraken's IPO is expected to be one of the most anticipated events in the crypto industry, reflecting the growing maturity and mainstream adoption of the crypto market.
DATABRICKS
Databricks is a company that provides a cloud-based platform for data analytics and artificial intelligence (AI). It enables data scientists and analysts to store, process, and analyze large amounts of data using various tools and frameworks. Databricks also offers data lakehouse, data sharing, and machine learning features.
Databricks is one of the most highly valued start-ups in the tech industry, with a valuation of $43 billion as of September 2023. The company has been rumored to go public in 2024 but has not confirmed any official plans or dates for its initial public offering (IPO). Databricks’ IPO is expected to be one of the most anticipated events in the crypto market, reflecting the growing demand and adoption of data and AI solutions.
SNOWFLAKE
Snowflake is a company that provides a cloud-based platform for data analytics and artificial intelligence (AI). It enables data scientists and analysts to store, process, and analyze large amounts of data using various tools and frameworks.
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Snowflake went public on September 16, 2020, in the largest-ever software IPO. The stock began trading at $245 per share on the New York Stock Exchange, more than double its initial price of $120. Snowflake raised over $3 billion in its market debut and was valued at over $70 billion at the end of its first trading day. Snowflake's IPO attracted much attention and investment, including from Warren Buffett's Berkshire Hathaway and Salesforce, which bought $250 million of stock at the IPO price.
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Snowflake's IPO was a huge success and a milestone for the company and the cloud industry. It showed the market's strong demand and growth potential for data and AI solutions.
RIPPLE
Ripple is a fintech company that uses blockchain technology to provide a global network for real-time payments. It also has a cryptocurrency, XRP, to send and receive payments across borders. The company plans to go public, but the exact date and price are unknown.
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Ripple’s last known valuation was $15 billion, based on a share buyback that the company announced in January 2022. Ripple’s CEO, Brad Garlinghouse, said the company could go public if and when it settles with the SEC, but he has not given any specific timeline or details.