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

CoinFeed reported on March 27th, citing CoinDesk, that OKX Global Managing Partner Haider Rafique stated 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 recently reached a valuation of $25 billion in a strategic deal with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. Rafique stated that this valuation is conservative, designed to leave room for future shareholder returns. Rafique pointed out that some crypto companies have performed poorly after listing, such as one major exchange whose stock price has fallen by nearly 50% since its IPO, which is detrimental to the entire industry. If crypto companies rush to list like 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 20-30 year long-term perspective.