TradingView: Morgan Stanley to Partner with Kraken in $20B IPO

Morgan Stanley is reportedly partnering with cryptocurrency exchange Kraken for its upcoming Initial Public Offering (IPO), according to sources at TradingView. This collaboration is projected to significantly increase Kraken's valuation, potentially reaching a market capitalization of $20 billion. Concurrently with the IPO preparations, funding discussions are underway, suggesting a potential strategic investment in Kraken between $200 million and $300 million. Details regarding the specific nature of this investment and its relationship to the IPO remain undisclosed. In separate market commentary, a Morgan Stanley FX strategist highlighted a divergence between the U.S. stock market's performance and the dollar's valuation. The analyst noted that a weaker dollar typically enhances the competitiveness of U.S. exports, positively impacting earnings for S&P 500 companies. This analysis was presented independently of the Kraken partnership news.