Consensys Plans Public Debut, Taps JPMorgan and Goldman Sachs to Lead IPO: Axios
Consensys, the blockchain software company behind the MetaMask wallet, plans to go public and has chosen JPMorgan Chase and Goldman Sachs as lead underwriters for its initial public offering, Axios reported Wednesday. The listing would mark one of the most significant public debuts yet by a firm building the infrastructure of Ethereum ETH$4,027.87, the world’s second-largest blockchain.
Founded by Ethereum co-founder Joseph Lubin, Consensys develops tools that allow users and developers to interact with Ethereum applications. Its best-known product, MetaMask, serves as a digital wallet used by millions to store crypto, manage tokens, and connect to decentralized applications directly from a browser.
Consensys also backs SharpLink, an Ethereum treasury management firm that on Tuesday announced plans to deploy $200 million of its holdings into onchain yield strategies. The funds will be allocated on Linea, a Layer 2 network incubated by Consensys that aims to make Ethereum transactions faster and cheaper.
Consensys’ IPO comes amid a wave of crypto-native companies going public on U.S. exchanges this year after years of cautious investor sentiment and unclear regulation, including stablecoin issuer Circle (CRCL), crypto exchange Gemini (GEMI) and crypto platform Bullish (BLSH).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum ICO Giant Awakens After 8 Years, Reaps Massive 12,971x Return
Activity Detected from Long-Inactive Ethereum Wallet, Revealing a Massive Profit from 20,000 ETH Held Since Initial Coin Offering
OpenAI's $1 Trillion Public Offering: Powering the Future of Artificial Intelligence
- OpenAI plans a 2027 IPO targeting a $1 trillion valuation, potentially the largest public market debut in history. - The for-profit restructuring and Microsoft's support aim to secure $60+ billion for AI infrastructure and chip development. - The IPO's success depends on market conditions, regulatory approvals, and competition from rivals like Google and Anthropic. - A $1 trillion valuation would rival major tech giants, highlighting generative AI's growing global market influence.
Ethereum Updates Today: Whale With Perfect Track Record: The Oracle Navigating $273M Amid Crypto Turbulence
- The "100% Win Rate Whale" boosted BTC/ETH longs to $273M, signaling renewed crypto market confidence amid U.S.-China trade optimism. - Its strategic accumulation post-Trump tariffs and rare earth deal highlights influence as smaller traders mirror its moves. - Dynamic capital reallocation across BTC, ETH, and SOL underscores growing institutional demand for yield-bearing assets. - Despite $4.23M unrealized losses, the whale's 100% win rate reignites debates about market psychology amid FOMC uncertainty.
Blockworks Closes Newsroom Amid Industry Move Toward Data-Focused Approaches
- Blockworks is closing its newsroom and expanding data sales as a core revenue stream, projecting over $30M annual revenue. - The shift reflects industry trends toward data-driven models, with firms like Baker Hughes and COLABS investing in tech-enabled energy and workspace solutions. - Tech companies such as Brookfield and Iridium are capitalizing on AI infrastructure and satellite services to meet surging demand for scalable, secure solutions. - Equinix's Q3 growth in interconnection revenue highlights
Trending news
MoreCrypto prices
More
