Ethereum app builder Consensys has delayed its potential IPO until fall
Key takeaways
- By Ian Allison, Will Canny|Edited by Aoyon Ashraf May 13, 2026, 7:01 p.m.
- The MetaMask wallet builder had reportedly engaged bankers from JPMorgan and Goldman Sachs last year to lead the process.
- 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.
By Ian Allison, Will Canny|Edited by Aoyon Ashraf May 13, 2026, 7:01 p.m. 2 min read Make preferred on Joe Lubin (David Paul Morris/Consensus)What to know: 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.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.
The MetaMask wallet builder had reportedly engaged bankers from JPMorgan and Goldman Sachs last year to lead the process.
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. A confidential filing is typically the first formal step in the IPO process.