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Bitpanda Rules Out London for IPO, Eyes New York as Likely Venue

The Vienna exchange cites thin LSE liquidity in favor of markets with deeper investor demand.

Bitpanda considers public listing, rules out london as destination: ft
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Overview

  • Co-founder Eric Demuth said the company is looking much closer at going public and described New York as more likely than Frankfurt.
  • He explicitly ruled out a London Stock Exchange debut, pointing to what he called weak trading liquidity.
  • Recent U.S. listings of crypto firms such as Bullish, Circle and eToro were cited as signs of a more receptive market.
  • Bitpanda has expanded in the U.K. yet still earns most of its revenue in continental Europe, informing the Frankfurt option.
  • No listing decision, filing or timetable has been announced, and the company did not immediately respond to requests for comment.