Bitkub exchange eyes Hong Kong IPO as Thai markets slump to 5-year lows: Report
With Thailand’s markets in turmoil, Bitkub is shifting toward Hong Kong’s thriving equity market for a $200 million IPO raise, Bloomberg reported.
Bitkub, Thailand’s biggest cryptocurrency exchange, is considering an initial public offering (IPO) abroad amid a downturn in the local stock market.
Bitkub is planning to raise $200 million as part of a potential IPO in Hong Kong, Bloomberg reported on Monday, citing unidentified sources familiar with the matter.
Founded in 2018, Bitkub trades about $66 million daily, according to CoinGecko data.