MetaMask Maker Consensys Plans IPO With JPMorgan, Goldman: Axios
Analysis
Price Impact
MedConsensys (metamask parent) ipo with major banks like jpmorgan and goldman sachs signifies growing institutional validation of the web3 ecosystem, potentially attracting significant mainstream capital to ethereum and the broader crypto market.
Trustworthiness
HighReported by axios, citing major financial institutions (jpmorgan, goldman sachs) advising a prominent web3 company (consensys), makes this news highly credible.
Price Direction
BullishA successful ipo by a core ethereum infrastructure provider like consensys would validate the long-term growth and adoption of web3, likely leading to increased investor confidence and capital inflow into eth and other associated crypto assets.
Time Effect
LongWhile the announcement may create short-term positive sentiment, the actual ipo is planned for 'as soon as 2026.' the full price effect of increased institutional adoption and market maturity will unfold over the long term.
Original Article:
Article Content:
In brief MetaMask maker Consensys has tapped JPMorgan and Goldman Sachs to advise on a potential IPO, Axios reported. The Ethereum developer joins Circle and Bullish in pursuing listings as investor appetite for crypto equities improves. It follows a fresh wave of crypto IPOs this year, including Circle’s June debut and Bullish’s August listing on the NYSE. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE MetaMask parent Consensys has reportedly hired JPMorgan and Goldman Sachs to lead its initial public offering, Axios said Wednesday, citing unnamed sources. Decrypt has approached the Ethereum software company for comment. The planned listing follows a wave of crypto-company debuts this year, including Circle’s June IPO at a roughly $6.9 billion valuation and Bullish’s listing on the New York Stock Exchange in August. Consensys, founded by Ethereum co-founder Joseph Lubin, develops Web3 infrastructure and the popular MetaMask wallet. The company last raised $450 million in 2022 at a $7 billion valuation. Axios said the IPO could take place as soon as 2026, though details on the size and valuation were not disclosed. Disclosure: Consensys is one of 22 investors in an editorially independent Decrypt. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!