Kraken's Parent Company Delays IPO Until 2027 Amid Crypto Market Uncertainty

Payward, the parent company of cryptocurrency exchange Kraken, has delayed its initial public offering (IPO) to the second quarter of 2027 at the earliest.

The announcement comes after a string of setbacks for the crypto industry in recent months, including the collapse of several high-profile exchanges and a decline in market value.

The exact reasons behind Payward's decision to delay its IPO are not clear, but it is likely that the company wants to wait until market conditions improve before going public.