CONFIDENTIAL-S1
filed
Confidential registration lead
Forge Global's June 11, 2026 update says Kraken confidentially filed its S-1 in November 2025 and initially targeted a Q1 2026 listing before pausing those plans in March 2026 because of market conditions. Banking Dive reported on April 14, 2026 that co-CEO Arjun Sethi publicly confirmed the confidential filing. The original filing report came from Reuters via Yahoo Finance on November 19, 2025, which said Kraken had confidentially filed for a U.S. IPO.
June 2026 research continues to identify Kraken as a confidential U.S. IPO filer, with the filing traced to November 19, 2025 and later confirmed publicly by co-CEO Arjun Sethi in April 2026, although the original Q1 2026 listing timetable was reportedly paused.
2025-11-19 · CONFIDENTIAL-0B6992E88A403D60A59D