OKX executive: The company is in no hurry to go through with an IPO; a poor listing would harm the crypto industry.

PANews reported on March 27th that, according to CoinDesk, OKX Global Managing Partner Haider Rafique stated that the exchange is in no hurry to list in the US and will wait until it is confident in creating long-term value for shareholders before proceeding with an IPO. OKX was recently valued at $25 billion in a strategic deal with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. Rafique stated that this valuation was conservative, designed to leave room for future shareholder returns.

Rafique points out that some crypto companies have performed poorly after their IPOs; for example, the share price of one major exchange has fallen by nearly 50% since its IPO, which is detrimental to the entire industry. If crypto companies rush to go public like they did during the past ICO boom, the industry will face risks. OKX is currently focused on global expansion, liquidity building, and the deployment of tokenized financial assets, planning to build the company with a long-term perspective of 20 to 30 years.