OKX president says no rush for IPO, citing industry risks

Haider Rafique, president of the crypto exchange OKX, which has Chinese roots, said the company is not in a hurry to pursue an initial public offering (IPO) in the U.S. Speaking at the Digital Asset Summit, he stated that an IPO would only be considered when the company is confident it can deliver value to shareholders, CoinDesk reported. Rafique expressed concerns that a poorly performing public listing could negatively impact the entire cryptocurrency industry, using the example of a hypothetical stock that drops 50% post-IPO. He explained that the focus for now is on building a solid company with a 20- to 30-year growth plan, viewing a potential IPO as a move for sustainability rather than a matter of timing.