Overview
- Three people familiar with the matter say Copper has held early, exploratory discussions about a possible IPO.
- Goldman Sachs, Citigroup and Deutsche Bank were named by a source as potential advisers, and the banks did not comment.
- A Copper spokesperson said the firm is not planning an IPO and declined to say whether talks are underway.
- One source said any decision to file would depend on the company’s near-term revenue performance and overall market conditions.
- The reports follow BitGo’s NYSE debut at $18 per share and roughly $2 billion valuation, with the stock later trading near $12.50, and highlight investor focus on infrastructure providers like Copper, which offers MPC-based custody, settlement and prime brokerage and has ties to Cantor Fitzgerald and Coinbase.