The Ethereum software firm delays its potential listing after engaging banks and planning an SEC filing earlier this year.
Consensys has pushed back its potential initial public offering until at least this fall, citing weak crypto market conditions. The company, developer of the MetaMask wallet, had planned to file a draft S-1 with the U.S. SEC in late February and enlisted JPMorgan and Goldman Sachs to lead the process.
The broader crypto sector has faced pressure since February, leading several firms to pause IPO plans. Consensys last raised $450 million in a 2022 Series D round, valuing the company at $7 billion.
No immediate market reaction was reported following the delay announcement.