POPA ReconKraken Parent Payward Delays IPO to Q2 2027
Kraken Parent Payward Delays IPO to Q2 2027 Payward, the parent of crypto exchange Kraken, has pushed its US IPO to the second quarter of 2027 at the earliest, extending a listing saga now stretching into a third calendar year. Payward filed a confidential S-1 in November 2025, soon after an $800 million raise from investors including Jane Street and Citadel valued it at $20 billion, then paused the process in March as crypto listings soured. A later $200 million investment from Deutsche Börse valued Kraken at $13.3 billion, a 33% cut from the peak, and the company trimmed about 150 jobs. T…
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