Thailand-based digital property change Bitkub is mulling an preliminary public providing (IPO) in Hong Kong, individuals conversant in the matter informed Bloomberg.
The change might look to boost roughly $200 million from the IPO, presumably subsequent 12 months, the sources mentioned, including that discussions are ongoing and particulars may nonetheless shift.
Bitkub, based in 2018, beforehand thought of an IPO in Thailand, however the dour efficiency of the home inventory market performed spoilsport. Thailand’s inventory market, one of many worst performers globally this 12 months, has seen a median of over 12% drop in listings in 2025, with the index itself falling 10%.
Bitkub is Thailand’s largest cryptocurrency change with a complete 24-hour buying and selling quantity of $60.75 million, in accordance with information from Coingecko.
Hong Kong is actively seeking to set up itself because the regional digital asset hub, supported by a transparent regulatory roadmap from the Securities and Futures Fee (SFC) and Hong Kong Financial Authority (HKMA).
