Consensys has reportedly postponed its planned U.S. initial public offering until at least fall 2026, blaming weak crypto markets and investor uncertainty.
The company, best known for creating the popular Ethereum wallet MetaMask, had planned to quietly file IPO paperwork with the U.S. Securities and Exchange Commission earlier this year. But worsening market sentiment and ongoing volatility seem to have put those plans on hold.
Consensys, founded by Ethereum co-founder Joe Lubin, was last valued at about $7 billion after raising $450 million in 2022. Reports say the company brought in JPMorgan and Goldman Sachs to help with the public offering.
The delay shows the wider weakness in crypto equity markets in 2026. Other digital asset firms, such as Kraken and hardware wallet maker Ledger, have also slowed or paused their IPO plans due to tough market conditions.
Earlier this year, clearer regulations in the U.S. had raised hopes for crypto listings. But falling Bitcoin prices, weak ETF flows, and bigger economic worries have made investors less interested in crypto stocks. So far, BitGo is the only major crypto-native company to finish a U.S. IPO this year. Even so, its shares have struggled since going public, adding to concerns about demand for crypto stocks right now.
The delay shows that, even with long-term optimism about blockchain, public markets remain tough for crypto companies hoping to go public in 2026.
JUST IN: @Consensys, the developer behind @MetaMask, has reportedly delayed its IPO plans until fall as weak crypto market conditions continue to pressure valuations and listings. pic.twitter.com/Lro5GOx6um
— Cryptopolitan (@CPOfficialtx) May 13, 2026
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