Uphold is considering an IPO or sale, reportedly seeking a valuation of over $1.5 billion

According to The Block, the digital asset trading platform Uphold is considering an initial public offering (IPO) or sale. CEO Simon McLoughlin revealed that the board has appointed FT Partners to explore strategic options, including an IPO in the United States or selling to other companies. He stated that multiple banks, financial institutions, and others are currently interested in Uphold, and the sale of mergers and acquisitions is also one of the options. Although McLoughlin did not disclose the valuation, insiders say the valuation exceeds $1.5 billion. The CEO of Uphold stated that a potential IPO or sale requires in-depth analysis, and if other companies are acquired, listing on NASDAQ may be beneficial. He stated that the company is developing rapidly, with many industry mergers and acquisitions. Due to the growth of the company's business, revenue is expected to increase from $80 million in 2022 to over $300 million today.