Why crypto’s red-hot IPO rally risks grinding to a halt – DL News
- Consensys tapped JPMorgan and Goldman Sachs to underwrite its IPO.
- The number of crypto firms going public this year has exploded.
- The IPO window won’t stay open forever.
The long list of crypto companies hitting the open market this year may have just added another name.
On Wednesday, Consensys, the creator of the crypto wallet MetaMask, selected Goldman Sachs and JPMorgan as underwriters for its upcoming public listing ambitions, Axios reported.
Consensys, which was last valued at $7 billion in 2022, would join stablecoin firm Circle, crypto exchange Gemini, and a slew of other crypto companies in entering the public markets this year.
“Consensys is constantly exploring opportunities to expand its impact,” a Consensys spokesperson…
