OKX: No Rush to Conduct IPO in the US Market

BlockBeats News, March 27th, according to CoinDesk, OKX stated that even as the company is accelerating global expansion and entering the tokenized finance field, it does not plan to hastily enter the U.S. public market. The company's Global Managing Partner and Chief Marketing Officer Haider Rafique stated at the New York Digital Asset Summit on Thursday: "We will go public only when we are confident that we can create value for shareholders. If we are not confident in doing so, I don't think it's necessary to enter the public market."

At this juncture, OKX recently completed a strategic investment related to Intercontinental Exchange, bringing the company's valuation to $25 billion. Rafique stated that the company took a conservative approach to pricing. He said: "Based on our revenue growth, licenses, and assets, I think we are undervalued." He added that this move was "very intentional" and related to long-term shareholder returns.

These remarks reflect broader concerns in the market about the performance of crypto companies in the public market. Rafique pointed out that at least one major publicly traded company has underperformed since its IPO. He said: "I bought a share. That share is now down 50%. This is not good, and it's actually detrimental to the entire sector."