Payward, the parent company of crypto exchange Kraken, has pushed its planned U.S. initial public offering to the second quarter of 2027 at the earliest. The company confidentially filed for a listing last November, but those plans were already on hold because of difficult market conditions. The new timeline extends that hold by more than a year.
A Confidential Filing That Went Quiet
Payward submitted its paperwork to U.S. regulators in November, using the confidential filing process that keeps the details out of public view. That move signaled the company was serious about going public. But the market had other ideas. Even before the latest delay, the IPO was stalled. Now the




