Bithumb sees sharp revenue decline before IPO reassessment
In 2023, Bithumb Korea, a cryptocurrency exchange in South Korea, reported a decrease in revenues. Based in Seoul, the exchange suffered a 57.6% decrease in sales revenue in 2023. The numbers fell from 3.201 billion won in 2023 to 1.358 billion won in 2022. On April 2, the Korean news outlet, Newdaily, also confirmed this. […]
Thailand’s Bitkub targets IPO for expansion and growth
Bitkub Capital Group Holdings, the leading owner of a cryptocurrency exchange in Thailand, says it has a target of listing for the year 2025. Led by CEO Jirayut Srupsrisopa, the strategic move is intended to position Bitkub as a leader and secure funds for continued expansion in the midst of greater competition within the cryptocurrency […]
Reddit IPO draws major interest, targets $6.5 billion valuation
Reddit is on the path to public trading, aiming for a valuation of $6.5 billion. Reuters reports that the social media platform’s initial public offering (IPO) has attracted considerable attention, becoming oversubscribed by four to five times. This level of interest from investors underscores the anticipation surrounding Reddit’s transition to a publicly traded company. Despite […]
Stablecoin issuer Circle announces its confidential filing of a U.S. IPO
Circle Internet Financial, a prominent player in the cryptocurrency space, has announced its confidential filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This strategic move marks a significant milestone for the company, known for issuing the USDC stablecoin, as it aims to navigate the recovering cryptocurrency market and […]
UAE first crypto mining ICO for Phoenix Group raises $370 million with retail clients as biggest investors
As the crypto market goes green so is crypto mining investment in the UAE. For the first time in the MENA region, a UAE home grown crypto mining entity Phoenix Group has carried out a successful IPO 33 times oversubscribed with retail clients being the biggest investors. The IPO which started on November 16th 2023 […]
Foreign banks shut out of lucrative China IPOs
An air of gloom surrounds the once vigorous involvement of foreign banks in mainland China’s Initial Public Offerings (IPOs). Current figures reveal a low unmatched since 2009, signaling a relentless struggle for these foreign entities to maintain their presence within China’s increasingly secluded financial ecosystem. In the present fiscal year, overseas banks have merely handled […]
Ripple contemplates IPO as legal battle with SEC nears conclusion
Ripple, the blockchain firm currently embroiled in a legal dispute with the U.S. Securities and Exchange Commission (SEC), is reportedly considering an initial public offering (IPO) as the legal battle concludes. Industry veteran Linda P. Jones has analyzed the potential implications of a Ripple IPO, shedding light on the valuation and investor interest surrounding the […]
