A Certain CEX Freezes IPO Plan Due to Difficult Market Conditions, Valuation Once Reached $20 Billion

GateNews

2026-03-18 15:19:19

Gate News reports that on March 18, a certain cryptocurrency exchange froze its IPO plans due to challenging market conditions. The exchange’s parent company submitted an S-1 registration statement draft to the U.S. Securities and Exchange Commission (SEC) in November last year, regarding its initial public offering of common stock, with a valuation of $20 billion at that time.

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