Payward Pushes Back IPO to Q2 2027 Amid Cryptocurrency Market Turmoil
Kraken's parent company, Payward, has delayed its initial public offering (IPO) to Q2 2027 due to ongoing challenges in the cryptocurrency market.
The delay was announced by CryptoTwitter commentator @WuBlockchain, highlighting the broader sentiment in the crypto space where trading volumes and valuations are struggling.
Payward initially filed a draft S-1 registration statement with the SEC in November 2025 but has now pushed back its timeline due to adverse market conditions affecting crypto prices and trading volumes.
The company had previously raised $800 million at a significant $20 billion valuation, indicating strong investor interest before the delay. However, current market dynamics have prompted a reassessment of its public listing strategy.