Bitkub Aims for $200 Million IPO in Hong Kong’s Crypto-Friendly Market

Thailand’s leading cryptocurrency exchange, Bitkub, is shifting its plans to list on a public market in Hong Kong. According to Bloomberg sources, the company aims to raise $200 million by 2026 through this offering. Initially intending to go public in Thailand, Bitkub withdrew their IPO plans due to the sluggish performance of the local stock market, which has seen a 25% decline since the start of the year. This shift reflects the company’s strategic decision to seek a more favorable environment for growth.