Consensys, the developer behind MetaMask, has postponed its potential IPO plans until at least this fall due to weak market conditions. Initially, the company intended to confidentially file an S-1 with the U.S. SEC around late February and had engaged JPMorgan and Goldman Sachs for the process. The decision comes as the crypto market faces pressure from macroeconomic uncertainties, tariff concerns, cooling rate cut expectations, and Bitcoin ETF outflows since February.
Consensys, which completed a $450 million Series D funding round in 2022, achieving a valuation of $7 billion, is among several crypto firms pausing their public listing plans amid the challenging market environment.
Consensys Delays IPO Plans Amid Weak Market Conditions
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