Kraken parent Payward delays IPO to second quarter of 2027 at earliest
Kraken's parent company, Payward, has delayed its planned IPO until at least the second quarter of 2027 due to unfavorable market conditions. This reflects a broader trend of crypto firms postponing public listings amid cooling investor interest.
Why it matters
The delay signals continued caution in the digital asset sector and highlights the impact of market volatility on corporate growth strategies.
The Wyoming-based company is not planning to go public until the second quarter of 2027 at the earliest, one of the people said, who spoke on condition of anonymity as the matter is private.
The delay extends an already lengthy wait for one of the crypto industry's most closely watched public-market debuts.
CoinDesk reported in March that Payward had put its multibillion-dollar IPO plans on hold as difficult market conditions weighed on crypto prices, trading volumes and valuations. At the time, sources said the company remained interested in going public but was unlikely to proceed until conditions improved.
A representative for Kraken declined to comment.
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