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Ledger And Consensys Delay US IPO Dreams As Crypto Conditions Turn Unfriendly

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The daily chart shows the total crypto market cap drop to $2.62 trillion on Wednesday. Source: TOTAL on TradingView.com.

After a year that saw major crypto-related listings reach US public exchanges—including Circle (CRCL) and others such as Bullish (BLH)—hardware wallet maker Ledger and Ethereum-focused software company Consensys announced they are delaying their respective plans for a US initial public offering (IPO).

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Summary

For Ledger, the decision reflects a broader reassessment of how receptive investors are right now toward crypto listings. That shift comes after months of speculation about Ledger’s listing strategy, which reportedly began circulating last November. Wednesday that Consensys pushed back its IPO timetable to at least this fall. Featured image created with OpenArt, chart from TradingView.com.

Read full article at Bitcoinist →

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