Forecast Trend Report by Period
Consensys, the developer of MetaMask, has delayed its planned US initial public offering, signaling continued weakness in the market for crypto-company listings.
CoinDesk reported on May 13 that Consensys pushed back its IPO timetable to at least this fall because of poor market conditions.
The company had previously selected JPMorgan and Goldman Sachs as underwriters for the offering.
Several US crypto firms have recently disclosed listing plans amid expectations of improved regulatory clarity.
But the prolonged market downturn has prompted major companies including Kraken and Ledger to halt or postpone their IPO plans.
Consensys is best known as the developer of the Ethereum-based wallet MetaMask.
Investors are watching whether the market for crypto IPOs can recover and whether sentiment improves. The interest-rate environment and any rebound in digital-asset markets are seen as key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
