South Korean Exchange Bithumb Targets 2028 IPO
Bithumb outlined a three-step plan for a 2028 stock market listing: upgrade internal controls and prepare to adopt K-IFRS in 2026, file for preliminary listing review in 2027, and target an IPO in 2028. The company says the plan is focused on building trust through tighter risk management, compliance monitoring, regular financial disclosure, and separation of business lines via Bithumb Asset to reduce conflicts of interest. It has also hired domestic and overseas underwriters, law firms, and accountants. The roadmap comes amid major legal and regulatory pressure. Bithumb has faced a Bitcoin crediting error, anti-money-laundering and KYC sanctions, and a bribery probe involving its CEO. The company says the timeline may change depending on market conditions and the listing review process.
