In a recent development, Bithumb, one of South Korea’s prominent crypto exchange platforms, is reportedly gearing up for an unprecedented Initial Public Offering (IPO) on KOSDAQ.
The Bithumb IPO Journey
As reported by investment banking sources and insiders from the crypto industry, Bithumb Korea, the operating entity behind Bithumb, finalized Samsung Securities as its underwriter at the close of last month.
The Bithumb IPO groundwork has already commenced, with the targeted listing date set for the second half of 2025. Although the primary focus is on listing on the KOSDAQ, there is speculation that a switch to the more prominent KOSPI market could be on the table. Bithumb has refrained from commenting on the IPO plan but has acknowledged the selection of an underwriter.
Contrary to typical IPO scenarios driven by the need for capital injection, Bithumb’s move seems to be rooted in the urgency to regain market leadership from its top rival Upbit which currently holds a substanti
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