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Kraken 'Confidently' Files for U.S. Stock Market IPO
Kraken has taken its first formal step toward going public.
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Crypto exchange Kraken has confirmed its intention to become a publicly traded company. In a press release published Wednesday, Kraken announced that it has "confidentially" submitted a draft registration statement with the Securities and Exchange Commission for an initial public offering (IPO).
What's the Scoop?
- Confidential IPO: Payward Inc., better known as Kraken, has officially signaled its intent to list its common stock in public markets via an upcoming initial public offering. The number of shares to be offered and the price range for the proposed offering has yet to be determined.
- Recent Raise: Yesterday, Kraken revealed that it had raised a combined $800M of private market capital across two raises. The second round was a $200M strategic investment from TradFi market making titian Citadel Securities, executed at a $20B valuation.
- Change of Heart: Just last week, Kraken co-CEO Arjun Sethi claimed in an interview at Yahoo Finance's Invest event that his exchange was in no hurry to IPO, a seemingly contradictory statement given today's development.
Kraken announces confidential submission of draft registration statement for a proposed initial public offering
CHEYENNE, Wyo. (Nov. 19, 2025) – Payward, Inc. (dba “Kraken”) announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for […]
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