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Uphold, a cryptocurrency platform, is exploring strategic options that include a potential initial public offering (IPO) in the United States or a sale to a payments company. The company's board has appointed FT Partners to advise on these options. Uphold is targeting a valuation exceeding $1.5 billion. CEO Simon McLoughlin has indicated that the company is in discussions with banks, brokers, and other stakeholders as part of this process. This move comes amid rising interest in crypto companies going public, following the success of Circle's stock.
🚨Another Crypto Company Going Public?! Uphold CEO said the company is exploring either a public listing on Nasdaq or selling the company at a +$1.5 billion valuation. Could this be the next big crypto listing after Circle?🤔 https://t.co/ZAobXVQZWR
CRYPTO EXCHANGE UPHOLD EXPLORES POTENTIAL IPO OR SALE
Uphold CEO Simon McLoughlin said the company’s board has appointed FT Partners to look at strategic options that include a potential initial public offering in the U.S. or a sale to a payments company The company is seeking a valuation of over $1.5 billion, according to a person https://t.co/BRitQ1HSAd