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Bitpanda Prepares Potential Frankfurt IPO, Targeting €4–€5 Billion Valuation

Stronger liquidity in continental markets plus clearer rules make Frankfurt the favored venue for the Vienna-based platform.

Overview

  • Bloomberg reporting indicates Bitpanda is preparing for a Frankfurt listing as early as the first quarter of 2026 with a €4–€5 billion valuation goal.
  • The company has engaged Goldman Sachs, Citigroup, and Deutsche Bank to work on the potential offering.
  • A spokesperson said an IPO is one of several options under review, with timing and structure not yet finalized.
  • Frankfurt emerged as the leading choice after Bitpanda ruled out London and previously explored New York, reflecting a shift toward continental exchanges.
  • Bitpanda reports more than seven million users, EY estimates a 59.6% share of Austria’s crypto market, and leadership was reorganized with Eric Demuth as holding company chairman and Lukas Enzersdorfer-Konrad as CEO.