Thai Crypto Exchange Bitkub May Be Valued as High as $3B in IPO: CEO
Summary
Bitkub Online, a Thai cryptocurrency exchange, is planning to go public next year with a potential valuation of up to $3 billion, according to Bitkub Capital Group CEO Jirayut Srupsrisopa. The company, which provides about 80% of the profit for its Bangkok-based parent company, is currently in the process of hiring financial advisors for the initial public offering (IPO). Bitkub Online was previously valued at around $165 million in a Series A fundraising round in July. The company is 9.2% owned by Asphere Innovations.
