A certain CEX stated that they will not rush to conduct an IPO in the U.S. market. After completing strategic investments, the valuation reaches $25 billion.

Gate News reports that on March 27, a certain CEX stated that even though the company is accelerating its global expansion and entering the tokenized finance sector, it does not plan to rush into the U.S. public market. The company’s global managing partner and Chief Market Officer, Haider Rafique, said at the New York Digital Asset Summit on Thursday, “We will go public only when we are confident we can deliver value to shareholders. If we are not confident about that, I believe there is no need to enter the public market.”

This stance comes as the exchange recently completed a strategic investment related to Intercontinental Exchange, valuing the company at $25 billion. Rafique mentioned that the company adopted a conservative approach in pricing, stating, “Based on our revenue growth, licenses, and assets, I think we are undervalued.” He added that this move is “very intentional” and related to long-term shareholder returns.

These comments reflect broader market concerns about the performance of crypto companies in the public markets. Rafique pointed out that at least one major publicly listed company has performed poorly since going public, saying, “I bought a share. That share is now down 50%. That’s not good, and it’s actually detrimental to the entire sector.”