OKX won’t rush IPO as exec warns poor listings hurt crypto industry

OKX says it will delay going public until it can deliver consistent shareholder returns, even after a $25 billion valuation tied to its NYSE parent company deal. What to know : OKX says it will delay a U.S. public listing until it is confident it can deliver long-term shareholder value, despite its rapid global expansion. The exchange was recently valued at $25 billion in a strategic deal involving Intercontinental Exchange, which executives say was intentionally conservative to support future returns. Citing the volatile performance of Coinbase and other crypto listings, OKX argues that rushing to go public could harm the industry and is instead focusing on long-term growth, global liquidity and tokenized finance initiatives.