Kraken Parent Payward Delays IPO to 2027

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โดย Yahoo Finance·US·Read original
Summary · why it matters

Payward, the parent company of U.S. cryptocurrency exchange Kraken, has again delayed its initial public offering, saying it will not go public until the second quarter of 2027 at the earliest. This is the second postponement for the Wyoming-based firm, which had previously delayed its IPO in March of this year, citing difficult market conditions and declining cryptocurrency prices. The latest delay comes despite a rally in crypto prices, with Bitcoin rising nearly 25% in August, but equity markets remain volatile amid rising bond yields and crude oil prices as the U.S. and Iran conflict in the Middle East. Additionally, crypto firms that have gone public recently have performed poorly, with rival exchange Gemini's stock down 87% since its September 2025 debut. Payward confidentially filed with the SEC in November 2025 after Bitcoin hit an all-time high of $126,000, and most recently raised $800 million at a $20 billion valuation, reporting second-quarter revenue of $508 million, up 17% year over year, with funded accounts rising 42% to 6.6 million.

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Kraken (Payward Inc.)Private▼ Negative
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IPO delayed to 2027, second postponement, despite crypto rally, due to volatile markets and poor recent crypto IPOs

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