OKX: Will not rush to conduct an IPO in the U.S. market

According to CoinDesk, OKX stated that even as the company accelerates its global expansion and ventures into tokenized finance, it does not intend to rush into the U.S. public market. The company's Global Managing Partner and Chief Marketing Officer Haider Rafique said at the New York Digital Assets Summit on Thursday, "We will only go public when we are confident that we can deliver shareholder value. If we are not confident in doing that, I don't think there is a need to enter the public market."

This stance comes as OKX recently completed a strategic investment related to the Intercontinental Exchange, bringing the company's valuation to $25 billion. Rafique stated that the company has adopted a conservative strategy in pricing. He said, "Based on our revenue growth, licenses, and assets, I think we are pricing ourselves too low." He added that this move is "very intentional" and related to long-term shareholder returns.

These remarks reflect broader market concerns about the performance of crypto companies in the public market. Rafique pointed out that at least one major listed company has performed poorly since going public. He said, "I bought one share. That share is now down 50%. This is not good and is actually detrimental to the entire sector."