Kraken, the crypto exchange run by Payward, Inc., is working toward an initial public offering in the United States that would let the public buy its shares on a stock exchange. The company submitted a draft registration statement to the US Securities and Exchange Commission in November 2025 and publicly confirmed that filing in April 2026. The filing has not been withdrawn, but the timetable has moved several times and no final terms have been set. No listing date has been announced, so the date shown on this page is a placeholder rather than a booked day. The latest reports, from early September 2026 and mid-October 2026, say Payward does not plan to go public before the second quarter of 2027. The timestamp of 1 April 2027 at 00:00 UTC marks only the first moment of that window. No time of day or time zone for a listing has been set, and the earlier estimate of late January 2027 is no longer the working assumption. What is known so far is mostly financial and strategic. Kraken paused its IPO preparations in March 2026 because crypto prices and trading volumes had weakened. Its co-CEO Arjun Sethi said in May that the company was about 80 percent ready to list. Deutsche Börse invested 200 million dollars in April at a valuation of 13.3 billion dollars, and Nasdaq Ventures agreed in September to invest 100 million dollars at a valuation of 21 billion dollars. The parent reported 2025 revenue of about 2.2 billion dollars and second-quarter adjusted revenue of 508 million dollars. The size of any offering, its share price range and the exchange it would list on have not been disclosed. The listing matters because Kraken is one of the largest and longest-running crypto exchanges. A successful US debut would show whether public investors are willing to buy shares in a crypto trading business during a cooler market. Investors in both crypto and traditional stocks are watching how the company's valuation changes, since it fell from 20 billion dollars in late 2025 to 13.3 billion dollars in April 2026 before rising to 21 billion dollars in September. To follow the story, watch the SEC EDGAR database for a public registration statement from Payward, since that document would reveal financial details and the share structure. Official Kraken announcements and its blog are the primary sources for company statements. Treat reports based on unnamed sources as possible rather than confirmed, and check the update section on this page for the latest verified item.

• Event date: 2027-04-01 12:00:00 AM
• Creation date:2026-11-13 01:35:57 AM
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