OKX, a crypto-asset exchange, has taken a cautious stance on an initial public offering, saying it will pursue an IPO only when it is confident it can create sufficient shareholder value. If not, there would be no reason to list. OKX President Haider Rafique said on the 26th that long-term growth and stability matter more than a short-term listing, and that the company will focus on building the business over 20 to 30 years. He framed the IPO decision as one that will be taken only when shareholder value is ensured, aligning the timing with long-term value creation.
Citing examples of companies that underperformed after listing, he warned, “If you bought the stock and the return is -50%, that could have a negative impact on the entire industry.” He asserted that weak early returns could undermine confidence in the broader crypto market.
The remarks are interpreted as showing that caution is growing against pushing ahead with an overly aggressive IPO. This comes amid a recent wave of listing moves by crypto firms.
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