Key Takeaways
- Kraken has confidentially filed for a US initial public offering with the SEC.
- The IPO timeline is pending regulatory review and market conditions.
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Payward, the company name behind Kraken, a well-known US-based crypto, has confidentially submitted a draft registration for an initial public offering (IPO) with the US Securities and Exchange Commission, according to a Wednesday statement.
The specifics, including the number of shares and price range, have not been disclosed. This IPO is anticipated following the SEC’s review, contingent on market conditions.
The move comes after co-CEO Arjun Sethi said the company is in no hurry to go public.
This is a developing story.
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