Bitpanda rules out London IPO over liquidity concerns: Report
Bitpanda decided against a London IPO, with co-founder Eric Demuth citing weak liquidity on the London Stock Exchange.
Crypto exchange Bitpanda turned away from London’s public markets, citing weak liquidity on the London Stock Exchange (LSE) as a key factor in its decision.
Eric Demuth, co-founder of the Vienna-based crypto exchange, told the Financial Times that while Bitpanda was actively evaluating a public listing, “it will not be in London.” Instead, the firm is weighing potential listings in Frankfurt or New York, though no timeline has been set.
“Currently, liquidity-wise, the LSE is not doing too well,” Demuth told the FT. “I hope that it gets better, but over the next few years, I think the LSE is struggling a bit.”