Goldman Sachs · Ethereum · JPMorgan · SEC · CoinDesk
In early 2022, Consensys raised a hefty $450 million Series D round, valuing the company at $7 billion
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Consensys, the Ethereum development firm led by Joe Lubin, has pushed back its potential U.S. public offering until fall at the earliest due to poor market conditions, according to two people familiar with the situation.
Key facts
- BitGo (BTGO), the only crypto-native company to go public in 2026, raised about $213 million in its January IPO, pricing shares above the marketed range at $18 and jumping more than 20% in its New
- In early 2022, Consensys raised a hefty $450 million Series D round, valuing the company at $7 billion
- Crypto markets turned 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
- Consensys had been aiming to file a draft S-1 registration statement with the Securities and Exchange Commission (SEC) around the end of February this year, according to a third person
Summary
Consensys has delayed its potential IPO, according to sources. The firm led by Joe Lubin had been aiming to file a draft S-1 with the Securities and Exchange Commission (SEC) around the end of February this year, one person said. In early 2022, Consensys raised a hefty $450 million Series D round, valuing the company at $7 billion. The MetaMask wallet builder had reportedly engaged bankers from JPMorgan and Goldman Sachs last year to lead the process.