Crypto13 May, 20262 min read
Consensys Delays U.S. IPO Until Fall Amid Poor Crypto Market Conditions
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Consensys delays U.S. IPO until fall due to weak crypto market conditions. JPMorgan and Goldman Sachs were tapped to lead the underwriting.
Consensys IPO pushed to fall
Ethereum app builder Consensys, led by Joe Lubin, has delayed its planned U.S. IPO until fall at the earliest because of poor market conditions.
CoinDesk reported that Consensys had been aiming to file a draft S-1 registration statement with the Securities and Exchange Commission (SEC) around the end of February, but the company pushed back its timetable to at least this fall.
Bloomingbit said CoinDesk reported on May 13 that Consensys pushed back its IPO timetable to at least this fall because of poor market conditions.
Bloomingbit also said Consensys previously selected JPMorgan and Goldman Sachs as underwriters for the offering, and the company is best known as the developer of the Ethereum-based wallet MetaMask.
Market weakness drives delays
Blockonomi said Consensys postponed its planned U.S. initial public offering until at least fall due to weak market conditions, citing recent volatility in crypto markets. CoinDesk described crypto markets turning 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 ETFs.
CoinDesk added that those moves triggered a wave of leveraged liquidations across digital assets, and it said a confidential filing is typically the first formal step in the IPO process. Blockonomi reported that a Consensys spokeswoman declined to comment on specific IPO timing and stated, “As a matter of policy, we don’t comment on market speculation.”
What happens next for listings
CoinDesk said 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. CoinDesk reported that BitGo (BTGO), the only crypto-native company to go public in 2026, raised about $213 million in its January IPO, priced shares at $18, and jumped more than 20% in its New York Stock Exchange (NYSE) debut.
“The company has not announced a new filing date.”
Bloomingbit said investors are watching whether the market for crypto IPOs can recover and whether sentiment improves, with the interest-rate environment and any rebound in digital-asset markets seen as key variables. Blockonomi said Consensys has not announced a new filing date, and it reported that the company engaged bankers from JPMorgan and Goldman Sachs last year to manage the offering process.