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Thailand’s leading cryptocurrency exchange, Bitkub Capital Group Holdings, is gearing up for a major leap. As reported by Bloomberg, CEO Jirayut Srupsrisopa, also known as Topp, revealed plans for an initial public offering (IPO) set for 2025. The move aims to elevate the company’s stature and secure additional funds. Currently, Bitkub is on the hunt for financial consultants to steer the upcoming IPO. The firm’s valuation has seen a significant uptick, now standing at 6 billion baht ($165 million), fueled by trading volumes that outshine those of the 2021 bull market.
In a recent communication with shareholders, Bitkub expressed an interest in listing in Hong Kong to broaden its international appeal. CEO Jirayut emphasized the company’s dedication to pushing boundaries and entering new markets with cutting-edge solutions. This step towards an IPO not only aims to boost Bitkub’s profile but also to attract investors by showcasing its growth potential and commitment to innovation in the digital currency sphere.
