Kraken Parent Payward Lays Off 150 Employees, Targets $20B Valuation Ahead of IPO

According to CoinDesk, Payward, the parent company of Kraken, laid off approximately 150 employees and is pursuing a new funding round with a target valuation of $20 billion to prepare for an initial public offering. The company is also planning mergers and acquisitions to expand its business lines as part of its path toward becoming a publicly listed company.
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