TechFlow news, November 19 — According to an official blog post, Payward, Inc., the parent company of cryptocurrency exchange Kraken, has submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), signaling plans for an initial public offering (IPO).
The company stated that the number of shares to be offered and the price range have not yet been determined. The IPO is expected to take place following the SEC's review process, with timing dependent on market and other conditions.
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