Ethereum app builder Consensys has delayed its potential IPO until fall

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Ethereum app builder Consensys has delayed its potential IPO until fall The MetaMask wallet builder had reportedly engaged bankers from JPMorgan and Goldman Sachs to lead the process. By Ian Allison , Will Canny | Edited by Aoyon Ashraf May 13, 2026, 7:01 p.m. 2 min read Make preferred on Joe Lubin (David Paul Morris/Consensus) What to know : Consensys has delayed its potential IPO, according to sources. The firm led by Joe Lubin had been aiming to file a draft S-1 with the Securities and Exchange Commission (SEC) around the end of February this year, one person said. In early 2022, Consensys raised a hefty $450 million Series D round, valuing the company at $7 billion. Consensys, the Ethereum development firm led by Joe Lubin, has pushed back its potential U.S. public offering until fall at the earliest due to poor market conditions, according to two people familiar with the situation. The MetaMask wallet builder had reportedly engaged bankers from JPMorgan and Goldman Sachs last year to lead the process. Consensys had been aiming to file a draft S-1 registration statement with the Securities and Exchange Commission (SEC) around the end of February this year, according to a third person. A confidential filing is typically the first formal step in the IPO process. Crypto markets turned sharply lower in February 2026 as investors pulled back from risk assets amid macroeconomic uncertainty, tariff concerns, slowing expectations for interest-rate cuts and heavy outflows from bitcoin BTC $ 79,503.13 exchange-traded funds (ETFs), triggering a wave of leveraged liquidations across digital assets. Against that backdrop, Consensys’ decision to delay its IPO plans was hardly surprising. A spokeswoman for Consensys said: “As a matter of policy, we don't comment on market speculation.” Improved regulatory clarity in the U.S. prompted several crypto firms to outline plans for going public this year. But a prolonged market downturn has seen large companies such as exchange giant Kraken and crypto wallet maker Ledger pause their IPO plans. BitGo (BTGO), the only crypto-native company to go public in 2026, raised about $213 million in its January IPO, pricing shares above the marketed range at $18 and jumping more than 20% in its New York Stock Exchange (NYSE) debut. But the rally quickly faded, highlighting volatile investor sentiment toward crypto listings, with the stock now trading about 36% below its IPO price. In early 2022, Consensys raised a hefty $450 million Series D round, valuing the company at $7 billion. Read more: Crypto wallet provider Ledger puts U.S. IPO plans on hold due to market conditions IPOs Exclusive ConsenSys Joe Lubin Breaking News More For You Telecom giant KDDI to acquire 14.9% stake in Coincheck Group in $65 million deal By Francisco Rodrigues | Edited by Nikhilesh De 3 hours ago The companies signed a business alliance for revenue sharing, referral fees and customer referrals to expand crypto access in Japan. What to know : KDDI, a major Japanese telecom firm, plans to acquire a 14.9% stake in Coincheck Group (CNCK) for $65 million, with the deal expected to close in June. The companies signed a business alliance for revenue sharing, referral fees, and customer referrals to expand crypto access in Japan. KDDI gains the... Read full story Latest Crypto News The Protocol: Solana’s ‘Alpenglow’ upgrade is live for testing 2 hours ago Metaplanet delays preferred share listing amid challenging Japanese market structure 2 hours ago UK parliament to probe Nigel Farage’s $6.8 million donation from crypto billionaire 2 hours ago Bitcoin buyers with long-term 'conviction' surges 300% with most recent buyers sitting on profits 3 hours ago Crypto Long & Short: Bitcoin vs. gold: 26% relative undervaluation 3 hours ago Telecom giant KDDI to acquire 14.9% stake in Coincheck Group in $65 million deal 3 hours ago Top Stories Live markets: Bitcoin dips below $80,000 as producer price inflation surges to 6% 5 hours ago Clarity Act amendments would remake key parts of crypto bill but have doubtful future 4 hours ago Crypto wallet provider Ledger puts U.S. IPO plans on hold due to market conditions 4 hours ago The $82,000 battle: bitcoin tests key resistance zone to form next major breakout 8 hours ago Charles Schwab begins U.S. rollout of spot crypto trading for retail customers 8 hours ago Nevada regulators push back after prediction market conference blames them for move 15 hours ago In this article BTC BTC $ 79,503.13 ◢ 1.61 %