Crypto custody company Copper is considering an IPO, and Goldman Sachs, Citi, etc. may participate

PANews reported on January 29 that according to CoinDesk, London-based crypto custody company Copper is in early discussions to evaluate a potential initial public offering (IPO). According to sources, Goldman Sachs, Citi and Deutsche Bank may participate in the listing plan. Copper’s final decision will depend on near-term revenue performance, and a spokesperson for Copper said the company is not currently planning an IPO, but did not deny that discussions are underway. If the listing is successful, Copper will become another crypto infrastructure company to enter the public market after competitor BitGo. BitGo went public on the New York Stock Exchange last week at $18 per share, with an initial market capitalization of about $2 billion. Previously, Copper founder launched Bron Labs to focus on digital asset security, raising $15 million in early stage. BitGo rose about 20% on the first day of listing on the New York Stock Exchange, with an intraday valuation of up to $2.6 billion.