Kraken's IPO Delayed Yet Again to April 2027
Kraken's initial public offering (IPO) has been delayed yet again, this time to at least April 2027. The exchange had initially hoped to go public in 2022, but a series of delays have pushed back the listing date. Kraken CEO Jesse Powell told CNBC in April 2021 that he was 'looking' at an IPO for sometime next year.
However, by June 2021, Powell reconsidered a direct listing after Coinbase's debut and delayed slightly to a 'second half' of 2022 prediction. But even this target looked doubtful by September 2022, with incoming CEO Dave Ripley stating that there was 'no specificity on IPO plans that we can share.'
The year ended with only delays and no IPO. In June 2024, Bloomberg reported that Kraken was raising 'final' pre-IPO financing for an IPO that never happened. Then in March 2025, the same outlet reported that Payward, the parent company of Kraken, was re-scheduling its IPO for January-March 2026.
By November 2025, Payward had actually submitted a draft IPO document to the SEC on Form S-1. Its announcement said an offering was expected after SEC review. Reuters reiterated its first quarter 2026 forecast.