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Every Kraken IPO plan has failed

Kraken first discussed an IPO in April 2021. Nearly six years later, Kraken’s earliest IPO window might now occur in Q2 2027.

DoorDash has outperformed SpaceX by 48% since IPO

A $10K bet at their opening Nasdaq prices on the day of SpaceX’s IPO would have put a DoorDash investor $4.8K ahead.

SpaceX has shed over $1.1T since June 16, but the banks that split $500M selling its IPO still rate the stock a “buy.”

Crypto wallet firm Ledger has joined Kraken in pausing its IPO offering due to unfavourable market conditions.

Bullish and Gemini have used new accounting rules to make their net income/loss look even better, but the IPO was their main focus all along.