CertiK keeps IPO on the table as valuation hits $2B, CEO says

CertiK, the leading blockchain security and auditing firm, has reaffirmed its commitment to pursuing an Initial Public Offering (IPO), despite the protracted downturn in the wider cryptocurrency market. CEO Ronghui Gu confirmed in a recent interview that the company’s internal valuation holds firm at $2 billion, a benchmark established following its substantial $88 million Series B3 funding round in mid-2022.

Gu noted that while the timing of the IPO is highly dependent on stabilizing global capital markets and renewed investor confidence, the long-term goal of becoming a public entity has not been shelved. The company is actively focused on key preparatory steps, including scaling operational profitability, enhancing corporate governance, and strengthening compliance frameworks necessary for a successful public debut.

CertiK’s robust valuation, which placed it among the most highly valued companies in the Web3 security space, is underpinned by sustained demand for security audits and its suite of AI-powered security products, such as Skynet. The CEO explained that the need for comprehensive security remains resilient, even during periods of market volatility, driven by persistent high-profile exploits and increasing regulatory scrutiny globally.

“The core infrastructure business of verifying and securing blockchain projects is mission-critical,” Gu stated. “We are building the financial and legal foundations now so that when the market window opens, CertiK is ready to execute our listing swiftly.” The firm is positioning itself as an essential infrastructure provider, aiming to appeal to traditional investors looking for stable growth in the burgeoning digital asset ecosystem.

Source: CertiK keeps IPO on the table as valuation hits $2B, CEO says