Ethereum app builder Consensys has delayed its potential IPO until fall

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<a href="https://jpyxx.com/eth-usd/">Ethereum</a> app builder Consensys has delayed its potential IPO until fallFinance

What to know:

  • Consensys has delayed its potential IPO, according to sources.
  • The firm led by Joe Lubin had been aiming to file a draft S-1 with the Securities and Exchange Commission (SEC) around the end of February this year, one person said.
  • In early 2022, Consensys raised a hefty $450 million Series D round, valuing the company at $7 billion.

Consensys, the company behind much of Ethereum’s development and headed by Joe Lubin, is delaying its planned U.S. stock market launch, likely until at least the fall, because of unfavorable market conditions. Sources close to the matter confirmed the postponement.

Last year, the company behind the MetaMask wallet reportedly hired investment bankers from JPMorgan and Goldman Sachs to help guide a funding process.

According to a source, Consensys planned to initially submit paperwork for a potential IPO to the Securities and Exchange Commission (SEC) around the end of February. This confidential submission is usually the first official move toward going public.

February 2026 saw a significant drop in crypto prices as investors became more cautious due to economic worries, trade issues, and fading hopes for lower interest rates. Large amounts of money also flowed out of Bitcoin ETFs, causing widespread liquidations in the crypto market. Given these conditions, it wasn’t unexpected that Consensys decided to postpone its initial public offering.

A spokeswoman for Consensys said: “As a matter of policy, we don’t comment on market speculation.”

More certain rules for cryptocurrency companies in the U.S. initially led some of them to announce plans to offer stock to the public this year. However, a long-lasting slump in the crypto market has caused major companies like Kraken and Ledger to put those plans on hold.

In January, BitGo (BTGO) became the first cryptocurrency company to go public in 2026. Its initial public offering (IPO) raised approximately $213 million, with shares priced at $18 – higher than expected. The stock then increased by over 20% when it began trading on the New York Stock Exchange (NYSE).

The initial surge in price didn’t last, showing how quickly investor feelings about new crypto offerings can change. The stock is currently trading around 36% lower than its original IPO price.

In early 2022, Consensys secured $450 million in funding, which gave the company a valuation of $7 billion.

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2026-05-13 22:08