Uphold Explores IPO or Strategic Sale Amid $1.5B+ Valuation Talks

Digital asset platform Uphold is evaluating a potential U.S. IPO or strategic sale, with CEO Simon McLoughlin confirming engagement with FT Partners to assess options. The company, courting interest from financial institutions and payment firms, could target a Nasdaq listing or M&A deal to fuel expansion.

Revenue growth underscores Uphold's momentum—projected annual figures leap from $80 million in 2022 to $300 million by 2025, bolstered by retail adoption and enterprise partnerships, including a German bank collaboration. The MOVE follows Circle's successful public debut, which saw shares triple post-listing.

While McLoughlin withheld valuation specifics, sources indicate aspirations exceeding $1.5 billion. The exploration coincides with Uphold's recent high-profile marketing push in Las Vegas, signaling aggressive growth ambitions.