Bitkub Capital Group Holdings, the driving force behind Thailand’s leading cryptocurrency exchange, has made waves in the financial world with its recent announcement of preparing for an initial public offering (IPO) in 2025. According to Bloomberg’s report, this strategic move, spearheaded by Bitkub’s CEO Jirayut Srupsrisopa, aims to elevate the company’s prominence and facilitate capital acquisition.
Bitkub to Hire More Financial Advisors
Jirayut Srupsrisopa emphasized the transformative potential of the IPO, highlighting its role in bolstering Bitkub’s market presence and providing access to additional funding avenues. By transitioning into a publicly traded entity, Bitkub aims to amplify its visibility on both domestic and international fronts, fostering investor confidence and fueling further growth initiatives.
In preparation for the IPO, Bitkub has initiated the recruitment of seasoned financial advisors to navigate the intricacies of the listing process and ensure optimal outcomes. This strategic partnership underscores Bitkub’s commitment to meticulous planning and adherence to regulatory standards, laying the groundwork for a seamless transition to the public markets.
Meanwhile, Jirayut in his report mentioned that the exchange is looking to employ 1,000 employees in 2025, increasing its original workforce. However, Bitkub’s IPO announcement comes at a pivotal juncture for the cryptocurrency industry, amid heightened interest from institutional investors and regulatory advancements worldwide.
Bitkub Pioneers Regulated Crypto Services
Despite its issues with the regulatory authorities, Bitkub is one of the very few crypto service providers that have been allowed to remain operational in the nation. According to the exchange’s CEO, Bitkub has reached a point where it has become an important structure in Thailand’s future economy.
As blockchain technology continues to reshape traditional financial paradigms, Bitkub stands poised to capitalize on evolving market dynamics and drive innovation in digital asset trading.
Bithumb Prepares For Potential IPO in 2025
Apart from Bitkub, Bithumb, one of South Korea’s finest cryptocurrency exchanges, announced it’s seeking to be in the first position in the race for a public listing on South Korea’s stock market KOSDAQ. The crypto exchange has not publicly announced plans for an IPO, however, it has confirmed that it has chosen an underwriter.
An underwriter is usually selected to guarantee the financial security of another company before going public. Specifically, Bithumb has selected Samsung Securities as its potential IPO underwriter.
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