Bitkub Targeting $200M Raise Through Hong Kong IPO

Thailand’s largest crypto exchange, Bitkub, is considering a Hong Kong IPO as local markets struggle with high volatility. The company aims to raise around $200 million, Bloomberg reported, citing sources.

Bitkub trades about $66 million daily and had earlier planned a 2025 IPO in Thailand. However, political tensions and sharp declines in the Thai stock market have stalled progress.

With foreign investors offloading over $3 billion in Thai equities this year, Hong Kong’s booming IPO activity has emerged as a more attractive option.

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