According to the source, Axios reports that Consensys has selected JPMorgan and Goldman Sachs as lead underwriters for its planned IPO, Axios reports. Consensys states it develops MetaMask, a core wallet for the Ethereum ETH ecosystem, according to Consensys. The U.S. SEC states that IPOs require filing Form S-1 before marketing to investors, according to the U.S. SEC.

According to the source, Axios reported that Consensys plans a public listing and has selected JPMorgan and Goldman Sachs to lead its IPO, indicating the banks will act as lead underwriters for the offering per Axios. Consensys states it builds core Ethereum infrastructure through products like MetaMask and Infura, which provide wallet access and Ethereum (ETH) node/API services used by developers and institutions, according to Consensys’ official product documentation. Consensys has also stated that MetaMask has no token and warned users about fake airdrops, according to official Consensys and MetaMask communications.