Deutsche Börse Takes a $200M Minority Stake from Payward Inc, Kraken’s Parent Company

Deutsche Börse, the operator of Germany’s main stock exchange, including Frankfurt has taken a $200 million minority stake in Kraken’s parent company, Payward Inc. This is a secondary market transaction giving Deutsche Börse a 1.5% fully diluted stake in Payward. It implies a valuation of roughly $13.3 billion for Kraken down from a reported ~$20 billion […] The post Deutsche Börse Takes a $200M Minority Stake from Payward Inc, Kraken’s Parent Company appeared first on Tekedia.

Deutsche Börse Takes a $200M Minority Stake from Payward Inc, Kraken’s Parent Company

Deutsche Börse, the operator of Germany’s main stock exchange, including Frankfurt has taken a $200 million minority stake in Kraken’s parent company, Payward Inc. This is a secondary market transaction giving Deutsche Börse a 1.5% fully diluted stake in Payward. It implies a valuation of roughly $13.3 billion for Kraken down from a reported ~$20 billion […]

The post Deutsche Börse Takes a $200M Minority Stake from Payward Inc, Kraken’s Parent Company appeared first on Tekedia.

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