Bithumb Korea Plans IPO in 2025
Bithumb Korea, the operator of Bithumb, a virtual asset exchange, is gearing up to go public in the second half of 2025. The company has selected Samsung Securities as the underwriter for the IPO, signaling its intention to enhance corporate trust and regain the top spot in the market.
New Leadership and Strategic Focus
Former Chairman Lee Jung-hoon, the largest shareholder, has returned to Bithumb Holdings as a registered director in line with the IPO push. Meanwhile, CEO Lee Sang-jun has been excluded from the board of directors amid allegations of soliciting coin listings. Jaewon Lee, CEO of Bithumb Korea, trusted by former Chairman Lee, will also hold the position of CEO of Bithumb Holdings concurrently.
IPO Aims for Transparency and Market Trust
The IPO aims to increase market trust in Bithumb Korea’s exchange operations by improving governance and management transparency. This move is seen as an attempt to receive external verification of its internal control system and enhance overall corporate trust. With financial product assets worth more than 400 billion won and no need for external financing, the IPO’s purpose is to regain lost market share and increase trust.
Hot Take: Bithumb Korea’s Strategic Moves for IPO Success
Bithumb Korea’s decision to go public reflects its strategic focus on corporate trust, transparency, and responsible management. The return of former Chairman Lee Jung-hoon and the exclusion of CEO Lee Sang-jun demonstrate the company’s commitment to strengthening its leadership team. These steps are expected to help Bithumb Korea prepare for a successful IPO in 2025.
By
By
By
By