Payward, the parent company of U.S.-based crypto exchange Kraken, has put its planned IPO on hold. According to two people familiar with the matter, the company isn’t looking to go public until at least the second quarter of 2027. A Kraken spokesperson declined to comment.

What Happened

This move means Kraken’s stock market debut is now pushed back by at least a year compared to its previous timeline. It’s actually the second delay in a row for their IPO plans.

Timeline

The only window being discussed is “not before Q2 2027.” There’s no word yet on an exact date or any details about what the offering might look like.

Company Position

For now, Kraken hasn’t issued any official statement—its spokesperson is staying tight-lipped. No extra details have been shared about why the IPO is being pushed back, or what the next steps might be.