PANews reported on January 29th that, according to CoinDesk, London-based crypto custody company Copper is in early discussions evaluating a potential initial public offering (IPO). Sources indicate that Goldman Sachs, Citi, and Deutsche Bank may be involved in the listing plans. Copper's final decision will depend on its recent revenue performance, and a spokesperson stated that the company currently has no plans for an IPO but did not deny that discussions are underway.

If the IPO is successful, Copper will become the second crypto infrastructure company to go public, following its competitor BitGo. BitGo listed on the New York Stock Exchange last week at $18 per share, with an initial market capitalization of approximately $2 billion.

Previously, it was reported that Copper's founder launched Bron Labs, focusing on digital asset security, raising $15 million in early funding . BitGo's stock rose approximately 20% on its first day of trading on the NYSE, reaching a peak valuation of $2.6 billion during the session .