Consensys delays potential U.S. IPO until fall as $7B MetaMask parent waits out risk-off markets

Consensys has pushed its potential U.S. IPO to fall at the earliest after reportedly lining up JPMorgan and Goldman Sachs and aiming to file a confidential draft S-1 around late February. The MetaMask parent is getting caught in the same risk-off tape as Kraken and Ledger, with February’s crypto selloff, BTC ETF outflows, macro/tariff fears, and forced liquidations making new crypto listings ugly. BitGo is the cautionary comp: it raised $213 million in January, popped more than 20% on debut, and now trades about 36% below its $18 IPO price; Consensys was last valued at $7 billion in its 2022 Series D.

TLDR by @Benthic

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