Crypto custody firm Copper in early talks for IPO as crypto ‘plumbing’ becomes new Wall Street favorite
Crypto custody firm Copper is in early talks about a public listing, according to three people with knowledge of the matter.
Goldman Sachs, Citi and Deutsche Bank are among the investment banks potentially involved, according to one source.
The decision on whether to pursue a listing will hinge on the company’s near-term revenue performance, a second person said, who spoke on condition of anonymity as the matter is private.
“As standard practice, Copper regularly assesses a range of potential financing options to support the business and our clients, but we are not planning an IPO,” a Copper spokesperson said in emailed comments.
However, the spokesperson declined to comment on whether the company is currently engaged in early talks…
