Kraken Parent Company Payward Delays IPO to Q2 2027

Payward, the parent company of cryptocurrency exchange Kraken, has postponed its planned initial public offering (IPO) until at least the second quarter of 2027. The company previously submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission in November 2025, following an $800 million funding round that valued the firm at $20 billion. Market headwinds, including sluggish asset prices and low trading volumes, have dampened investor enthusiasm, leading other industry players like Grayscale, Consensys, and Ledger to also dela