PANews reported on November 19th that Kraken announced on its official blog that it has confidentially filed a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) related to a proposed initial public offering (IPO) of common stock. The number of shares to be offered and the price range have not yet been determined. The IPO is expected to proceed after the SEC completes its review process, depending on market and other conditions.