BlockBeats News, March 18th, the cryptocurrency exchange Kraken has paused its IPO plans due to challenging market conditions.
In November last year, Payward, Inc. (operating under the name ‘Kraken’) announced that it had confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) relating to its proposed initial public offering (IPO) of its common stock. The number of shares to be issued and the price range for the proposed offering have not yet been determined. The IPO is expected to take place after the SEC completes its review process and is subject to market and other conditions.
