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The post Kraken Parent Payward Makes Deep Cuts as IPO Pressure Mounts appeared on BitcoinEthereumNews.com. Payward, the parent of cryptocurrency exchange Kraken, is cutting 150 jobs ahead of its planned U.S. stock-market listing. The reduction affects about 5% of its 3,000-person global workforce. The move forms part of a broader optimization push aimed at improving margins. Management wants a leaner financial profile before going public. Layoffs Continue a Multi-Year Lean-Out The latest cuts extend a sustained workforce reduction that began in October 2024. Payward eliminated about 400 roles then, or roughly 15% of staff. The reduction followed shortly after Arjun Sethi joined David Ripley as co-CEO. Further cuts then followed in early 2025 as the company merged overlapping teams. A Payward spokesperson declined to address specific personnel decisions. The company continually evaluates its structure to align talent with strategic priorities. Meanwhile, hiring continues in select growt
Read full articleAnthropic's rapid valuation surge signals a transformative shift in AI investment dynamics, potentially reshaping market expectations and strategies. The post Anthropic raises over $30B ahead of IPO as AI valuations enter uncharted territory appeared first on Crypto Briefing.
SpaceX's IPO could significantly boost public investment in space technology, impacting market dynamics and regulatory scrutiny. The post SpaceX plans NASDAQ IPO for June 12, pricing set for June 11: Reuters appeared first on Crypto Briefing.
SpaceX's Nasdaq listing could boost investor confidence and set a precedent for other private aerospace firms considering public offerings. The post SpaceX to list on NASDAQ under $SPCX, IPO expected by June 30, 2026 appeared first on Crypto Briefing.
The crypto exchange is also apparently seeking fresh private capital at a $20B valuation.
Payward cuts 150 jobs as Krakens parent streamlines operations ahead of its planned IPO and seeks fresh capital. The post Kraken parent Payward cuts 150 jobs amid IPO and expansion push appeared first on Crypto Briefing.
Cerebras’ public launch is a strategic advantage for the vendor, but it will have to overcome challenges to maintain its high value.
Increased scrutiny on Altman's investments could delay OpenAI's IPO, highlighting the need for transparent governance and conflict resolution. The post OpenAI CEO Sam Altman’s investments face GOP scrutiny ahead of IPO appeared first on Crypto Briefing.
Cerebras Systems, the AI chip designer that builds processors purpose-built for artificial intelligence inference, raised $5.5 billion in its IPO on Thursday after pricing shares at $185 — well above its revised target range — before opening to public trading at $385. The stock closed its first day at $311, giving the company a valuation of $66 billion. Co-founder […]
