Ethereum app builder Consensys has delayed its potential IPO until fall
CoinDesk
Consensys has postponed its planned initial public offering until at least this fall, citing poor market conditions and economic uncertainty.Summary
Consensys, the Ethereum-focused development firm led by Joe Lubin, has delayed its U.S. initial public offering (IPO) until at least the fall of 2026. The decision follows a downturn in crypto markets that began in February, driven by macroeconomic volatility and reduced investor appetite for risk assets. Although the company had previously engaged major financial institutions like JPMorgan and Goldman Sachs to lead the process, it has opted to pause amid a broader industry trend of crypto firms shelving public listing plans. Consensys, which was valued at $7 billion during a 2022 funding round, has declined to comment on the matter.
(Source：CoinDesk)