In a move signaling the maturation of the crypto market in Thailand, Bitkub Capital Group Holdings, the proprietor of the nation’s foremost crypto exchange, has announced its intention to conduct an initial public offering (IPO) by 2025.
This revelation was made by Jirayut Srupsrisopa, the CEO of Bitkub, during an interview with Bloomberg. According to Jirayut, the planned IPO, aimed at listing on the Stock Exchange of Thailand, represents a step to “amplify” the company’s stature and secure additional capital for future ventures.
A Competitive Landscape And Regulatory Environment
Bitkub’s journey toward this IPO began in a 2023 shareholder letter, hinting at an upcoming public listing without a specific timeline.
The move towards public listing gained further momentum last July when Bitkub sold a 9.2% stake in its exchange unit to Asphere Innovations Pcl, valuing the company at approximately 6 billion baht ($16.5 million).
The CEO expressed optimism that Bitkub
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