Kraken delayed its initial public offering (IPO) on Wednesday to at least April 2027. If the reader has lost count of how many times it has delayed, Protos is here to help.

The exchange has been hyping its IPO for over half a decade, and was previously very confident it would IPO in 2022.

In April 2021, Kraken CEO Jesse Powell told CNBC, “We’re looking at being able to go public sometime next year.”

He’s still looking.

By June 2021, according to Fortune, Powell reconsidered a direct listing after Coinbase’s debut. He delayed slightly to a “second half” of 2022 prediction in that article.

However, by September 2022, that target still looked doubtful. Incoming CEO Dave Ripley told a reporter, “No specificity on IPO plans that we can share.” 

The year ended with only delays and no IPO.

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