When will the largest private companies go public?
When will Kraken go public? IPO status
Short answer: As of October 28, 2026, Kraken has submitted, or is reported to have submitted, a confidential draft registration statement. There is no public filing and no listing date yet.
IPO status: Confidential IPO filing reported.
Kraken announced a confidential draft registration statement on 19 November 2025; the listing was pushed to mid 2027 at the earliest (CoinDesk, 2 September 2026). blog.kraken.com
Reported valuation
Reported valuation: 21 bn USD, September 2026 (funding round). Source: CoinDesk.
Strategic investment in parent company Payward. IPO postponed to 2027 at the earliest.
Community forecast
0 of 5 forecasts so far: the community result is shown from 5 forecasts.
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Frequently asked questions
When will Kraken go public?
As of October 28, 2026, Kraken has submitted, or is reported to have submitted, a confidential draft registration statement. There is no public filing and no listing date yet.
Has Kraken filed for an IPO?
Confidential IPO filing reported. Public filings can be checked on SEC EDGAR, where an S-1 or F-1 appears once it is public.
What is Kraken valued at?
The latest reported valuation is 21 bn USD (September 2026, source: CoinDesk). It is a reported figure, not a market price.
Can I buy Kraken shares before the IPO?
Kraken shares are not listed. Before an IPO, shares change hands only in private transactions, such as secondary sales, funds or special purpose vehicles, usually reserved for qualified or accredited investors and subject to company approval and transfer restrictions. This is general information, not investment advice.
Where IPO information comes from
| Source | What it is | What to keep in mind |
|---|---|---|
| Public S-1 or F-1 on SEC EDGARSEC EDGAR, consulted on October 28, 2026 | The registration statement a company files publicly before a US listing, with audited financial statements. | The confirmed signal that a US IPO is getting close; the date still depends on the SEC review and on markets. |
| Confidential draft registration statementSEC, Division of Corporation Finance, consulted on October 28, 2026 | A draft the SEC reviews without publishing it; many companies announce that they have submitted one. | It confirms preparation, not a date; the public filing comes later. |
| Press reports citing people familiar with the matter | Reports by news agencies and newspapers on plans, dates and target valuations. | Often early and useful, but not confirmed by the company and subject to change. |
| Secondary market pricesUnicorn Private Research, consulted on October 28, 2026 | Prices of private transactions in existing shares, reported by brokers or the press. | Indicative and based on few trades; they are not a listing price. |
Updated: October 28, 2026
Community forecasts are opinions of users, not market prices and not investment advice. Reported valuations come from public sources and carry a date.
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