Bithumb’s Potential Public Listing in 2025
There are reports that Bithumb, a major cryptocurrency exchange in South Korea, is considering going public by 2025. The company is said to be eyeing a listing on Kosdaq and potentially transitioning to the Korea Exchange (KOSPI) platform in the future.
Bithumb Taps Samsung Securities as Fund Manager
According to South Korean news outlet Edaily, Bithumb could pursue an initial public offering (IPO) by 2025 in an effort to surpass Upbit’s dominance in the market. The exchange has appointed Samsung Securities as its fund manager, with IPO preparations already underway. Bithumb aims for a Kosdaq listing, with assets worth 400 billion won ($303.56 million) based on its second-quarter financials.
Lee Jung-hoon, a major stakeholder on Bithumb’s board, is focused on strengthening the firm’s governance. As part of its strategy to go public, Bithumb is undergoing a business overhaul. The move will set a precedent in the nation’s crypto industry and is expected to escalate Lee Jung-hoon’s influence within the company.
Hot Take: Bithumb’s Ambitious IPO Strategy
Bithumb’s potential public listing represents an ambitious move aimed at challenging Upbit’s market supremacy in South Korea. By tapping Samsung Securities as its fund manager and aiming for a Kosdaq listing, Bithumb is making strategic moves to position itself for future growth and success in the crypto industry.
By
By
By
By