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Ethereum Developer Consensys Seeks Imminent IPO: Axios

JPMorgan and Goldman Sachs have been selected to lead the IPO.
Ethereum Developer Consensys Seeks Imminent IPO: Axios
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Consensys – the prolific Ethereum Ethereum software developer most notable for its release of the MetaMask MetaMask crypto wallet – has reportedly selected JPMorgan and Goldman Sachs to lead its IPO, according to Axios.

What's the Scoop?

  • IPO Unknowns: Although little information has been released about when or where Consensys will list its stock, investment banks JPMorgan and Goldman Sachs have been selected to lead the process. Consensys founder Joseph Lubin Joseph Lubin was previously employed at Goldman Sachs from 1999-2001.
  • Tandem Tokens: Consensys's IPO ambitions come one month after the company conducted a TGE for its closely held Linea L2. The rumored listing also coincides with Consensys's confirmed plans to launch tokens for its MetaMask wallet and Infura Infura infrastructure service.
  • Latest Raise: In March 2022, Consensys last raised a $450M Series D valuing the company at $7B. Prominent investors across all raises include: SoftBank, JPMorgan, BlackRock, Mastercard, Coinbase Coinbase Ventures, ParaFi, and Dragonfy.

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Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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