Ethereum developer Consensys, led by Joe Lubin, has postponed its IPO until at least autumn due to unfavorable market conditions.
The company had previously planned to file a confidential draft of the S-1 registration statement with the SEC as early as late February. JPMorgan and Goldman Sachs were appointed as underwriters for the offering.
The decision to delay the IPO coincided with February’s crypto market downturn: investors were pulling out of risky assets amid macroeconomic uncertainty, tariff concerns, and a mass exodus from BTC ETFs. Consensys is not alone—Kraken and Ledger have also put their listing plans on hold this year.
The last publicly known valuation of Consensys was $7 billion following its Series D funding round of $450 million in early 2022.