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Bitkub Weighs Hong Kong IPO After Pausing Thailand Listing Plans

The potential $200 million raise reflects a pivot toward clearer crypto rules in Hong Kong.

Overview

  • People familiar with the talks say Bitkub is evaluating a Hong Kong listing that could raise about $200 million as early as next year, with terms still in flux.
  • The company shelved a domestic float after a weak year for Thai equities, including an average drop of over 12% in new listings and a 10% slide in the main index.
  • Hong Kong’s regulatory roadmap for digital assets from the SFC and HKMA factors into Bitkub’s venue review.
  • A company spokesperson declined to provide a timetable but confirmed a review of international fundraising options to support long-term growth.
  • Bitkub remains Thailand’s largest crypto exchange, reporting roughly $60–66 million in 24-hour trading volume as it weighs funding for regional expansion.