Thailand's Premier Cryptocurrency Firm, Bitkub Capital Group, Targets IPO in 2025

Thailand’s Premier Cryptocurrency Firm, Bitkub Capital Group, Targets IPO in 2025

Updated: 10 May 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Bitkub Capital Group Holdings, Thailand’s top cryptocurrency exchange owner, is on track to become a publicly listed entity by 2025. The CEO of Bitkub Capital Group, Jirayut Srupsrisopa, recently disclosed plans to enlist financial advisers to facilitate the company’s Initial Public Offering (IPO) on the Stock Exchange of Thailand (SET). This move is aimed at boosting the company’s visibility and reinforcing its standing in the global fintech arena.

Bitkub Capital Group Holdings Eyes Public Listing by 2025

Bitkub Online Inc., which is owned by Bitkub Capital Group Holdings, was the subject of indicating the company’s intention to enhance its corporate image through the IPO. Jirayut Srupsrisopa, in his communication with shareholders, expressed that the IPO would not only expand the company’s market influence but also significantly increase shareholder value.

The announcement of the IPO follows a series of strategic actions by Bitkub to secure its position within the competitive landscape of Thailand’s crypto industry. This includes the earlier sale of a 9.2% stake in Bitkub Online Inc. to Asphere Innovations Pcl for approximately 600 million baht ($16.5 million). Previously, there was also an attempt by SCB X Pcl, a major Thai financial entity, to acquire a majority 51% stake in Bitkub Online Inc., although the deal fell through due to regulatory hurdles.

Moreover, the decision to list might have been accelerated by the entry of major industry players like Binance and Kasikornbank Pcl, both posing competitive threats to Bitkub’s dominance in the Thai market. This strategic move to go public is seen as a key step to safeguard Bitkub’s leadership role in the fintech world, according to statements from the CEO.

In conclusion, Bitkub Capital Group Holdings’ forthcoming public offering represents a critical phase in its development strategy, aimed at enhancing its profile on a global scale and fortifying its position as a leader in the rapidly evolving fintech industry.

🇹🇭 Thai Crypto Exchange Bitkub May Be Valued as High as $3B in IPO: CEO

The owner of Thai crypto exchange Bitkub Online, which plans to sell shares to the public next year, could be valued as high as $3 billion, Bitkub Capital Group CEO Jirayut Srupsrisopa said. Bitkub Capital… pic.twitter.com/AIwYTA96Br

— Panda of Asia Streets (@PandaAsiaStreet) April 12, 2024

WienerAI Presale: A Fresh and Humorous Crypto Investment Opportunity

The WienerAI presale marks a unique entry into the cryptocurrency market, blending humor with advanced technology, supported by a vibrant community ethos. This presale offers investors an early chance to buy WAI tokens at favorable prices, setting the stage for potential growth thanks to strong community backing.

Distinctive for its combination of a dog-themed meme coin with elements of artificial intelligence—humorously depicted as part sausage—WienerAI appeals to both casual enthusiasts and serious investors. The project narrative, featuring tales of a futuristic scientist, adds depth and encourages community involvement.

WienerAI’s success is bolstered by its dynamic community, essential for the longevity of any meme coin. This active support base not only funds the project but also boosts its market presence significantly. Furthermore, WienerAI offers lucrative financial incentives, including staking rewards with APYs exceeding 1900%, aimed at encouraging long-term holding and price stability.

As an ERC-20 token on the Ethereum blockchain, WienerAI provides a secure and flexible investment option, compatible with many decentralized applications. Overall, the WienerAI presale offers an engaging opportunity for investors looking to add a uniquely themed and potentially lucrative asset to their cryptocurrency portfolios.

Visit WienerAI Presale