Payward, the parent company of cryptocurrency exchange Kraken, has pushed back its plans for a U.S. initial public offering to the second quarter of 2027 at the earliest, according to CoinDesk. The company confidentially submitted a filing for a U.S. listing in November 2025, but its IPO plans had already been placed on hold as market conditions became difficult. The latest timeline extends the wait for a public-market debut by the exchange operator. Payward’s decision reflects the continued uncertainty surrounding its listing plans, though the company has not abandoned the IPO entirely based on the information available. The proposed offering would give public-market investors a way to gain exposure to Kraken’s parent company, subject to any future filing and regulatory steps.
