Consensys postpones IPO

MetaMask developer Consensys has postponed its plans for a U.S. initial public offering (IPO) until at least this fall, citing unfavorable market conditions, CoinDesk reported. The company had previously selected JPMorgan and Goldman Sachs as underwriters for the offering. Meanwhile, although several crypto companies have announced plans to go public this year amid improving regulatory clarity in the U.S., other major firms like Kraken and Ledger have also halted their IPO plans due to the prolonged market downturn.