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.

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