Crypto Trading Platform Uphold Eyes $1.5B IPO after $300M Uphold Explores IPO & Acquisition Offers: Crypto trading platform Uphold is considering a US IPO or acquisition amid rising institutional interest.
Revenue Soars to $300M: With 275% revenue growth since 2022, Uphold eyes Nasdaq listing to fund potential acquisitions and global expansion.
Crypto trading platform Uphold is reportedly weighing a US initial public offering (IPO) or potential acquisition, as interest from major financial institutions intensifies.
According to recent reports, the company has hired FT Partners, a top investment banking firm in the fintech sector, to explore strategic options. This move suggests that Uphold is actively evaluating pathways to scale its operations and market presence.
Uphold Confirms IPO Talks and Buyer Interest
In a recent interview, Uphold CEO Simon McLoughlin confirmed that the firm has engaged FT Partners to assess its strategic future. One key direction being explored is a potential public listing.
McLoughlin also noted that several leading financial players — including banks, brokers, and payment companies — have expressed interest in acquiring Uphold. However, he declined to comment on the company’s current valuation. Market speculation places it around $1.5 billion.
IPO Timing Follows Circle’s Market Boom
The timing of Uphold’s potential IPO comes shortly after Circle — a well-known peer-to-peer payments company — went public. Since its debut, Circle’s stock price has jumped from $31 to $115, showcasing a massive 300% surge. This success appears to have reignited IPO enthusiasm across the crypto fintech space Surge
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