Republic Europe Launches SPV for Kraken’s Upcoming IPO

Republic Europe Offers Early Access to Kraken’s Equity

The launch of a Special Purpose Vehicle (SPV) by Republic Europe grants European retail investors access to Kraken’s equity before its official IPO. This initiative emerged on January 26, 2026.

Republic Europe described the SPV as a “first-of-its-kind.” It marks a shift towards democratizing access to private investment opportunities previously limited to institutions.

Kraken’s $20 Billion Valuation Attracts Market Interest

The development is expected to reshape how retail investors participate in major IPOs. Kraken being valued at about $20 billion, the access granted by the SPV may attract widespread interest.

The move reflects broader market trends where private companies remain private longer. It suggests a new model for retail investor participation in high-growth companies before they go public.

SPV Launch Marks Shift in Pre-IPO Investments

Traditionally, pre-IPO equity access was limited to institutional players. The launch of the SPV by Republic Europe represents a departure from these norms within Europe’s investment landscape.

If successful, this model could set a precedent for future retail investment mechanisms. Historically, similar access has enhanced engagement and democratized opportunities in public markets. As Theodora Bishop, Senior Investment Manager at Republic Europe, commented:

“With many companies staying private for longer, the most significant wealth creation opportunities do not enable access for the masses. The launch of the Kraken SPV offers a rare opportunity: enabling the community to take an indirect financial interest in a global leader shaping the future of finance. This marks a defining moment for Republic Europe, and investors, as we bring private-market quality into the public sphere.”