MetaMask Developer Consensys Delays IPO Plans Amid Weak Crypto Market

MetaMask developer Consensys has pushed back its planned initial public offering, now aiming for at least this fall as it continues to operate under weak market conditions.

Earlier, the company had planned to confidentially submit a draft S-1 registration with the U.S. Securities and Exchange Commission in late February and had engaged Goldman Sachs and JPMorgan Chase to lead the listing process.

With broader crypto market conditions remaining under pressure since February and multiple firms slowing or pausing IPO plans, Consensys has likewise adjusted its timeline. The company last raised $450 million in a 2022 Series D round at a $7 billion valuation.

Source: CoinDesk