Kraken Parent’s Profit Rebound Still Leaves a Wide Gap Before Its IPO
Kraken parent Payward said clients kept adding assets for 12 straight months, even as those holdings lost dollar value. Its adjusted earnings rose to $60 million in the third quarter, up from $23 million in the second. However, that was still 67% below a year earlier, Bloomberg reported, citing a shareholder letter.…
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Initial public offering
The first sale of a private company's shares to the public, after which the shares trade on a stock exchange.
An IPO raises money for the company and lets early owners and investors sell part of their stake.
More about Initial public offeringQuarterly results
A public company's report of its revenue, profit and outlook for a three-month period.
Results show how a business is really doing and often move its share price sharply.
More about Quarterly resultsMore in Business
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