Consensys Delays U.S. IPO Amid Weak Market Conditions

Consensys has postponed its potential U.S. initial public offering (IPO) until at least the fall, citing unfavorable market conditions affecting crypto listings. According to NS3.AI, the company, known for developing MetaMask, initially planned to submit a draft S-1 filing with the Securities and Exchange Commission (SEC) by the end of February this year. BitGo remains the only crypto-native firm to have gone public this year, securing approximately $213 million in its January IPO.