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Consensys Delays IPO Amid Crypto Market Slump
Published 1 week, 6 days ago
Description
Consensys, the Ethereum powerhouse behind MetaMask, postpones IPO due to market volatility. Despite securing a $7 billion valuation in 2022, the company hit pause on its draft filing with the SEC. Crypto market downturn, coupled with regulatory uncertainty, has delayed public listings for other firms like Kraken and Ledger. However, a potential rebound in fall could change the game.
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