Copper Seeks Buyer as Offers Fall to About $200 Million

Copper has been seeking a buyer since May and hired Cantor Fitzgerald to help with the sale process, initially asking for $500 million. According to Odaily, the company has received offers of about $200 million, after once being valued at more than $2 billion. Amar Kuchinad joined Copper as chief executive officer in October 2024 after founder and CEO Dmitry Tokarev stepped down. Kuchinad previously worked at Goldman Sachs and served as an adviser to the U.S. Securities and Exchange Commission. Copper also recently added Elin Cherry as chief compliance officer and Sean Bowen as chief operating officer.