Thai crypto exchange Bitkub is reported to consider an IPO in Hong Kong that could raise roughly $200 million.
Bitkub Weighs Hong Kong IPO to Raise About $200 Million
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Bloomberg reports on November 24, 2025 that Bangkok‑based Bitkub, founded in 2018, is considering an initial public offering in Hong Kong as early as next year to raise about $200 million, after previously weighing a Thailand listing amid a weak 2025 SET Index. Sources say deliberations are ongoing and details could change, and Bitkub did not comment.
A Hong Kong IPO would bolster the city’s push to become a digital‑assets hub and add a non‑Chinese listing to local markets as regulators ease crypto rules, though market activity in Hong Kong remains muted and the plan is subject to final decisions and regulatory approvals. The report notes Thailand’s stock market has underperformed in 2025 and that first‑time share sales in Hong Kong are rising, potentially topping $40 billion this year.
Read More: Owner of Thailand’s Largest Cryptocurrency Exchange Set to Go Public in 2025
🧭 FAQs
• What is Bitkub reportedly planning in Hong Kong? — Bitkub is reportedly considering a Hong Kong IPO to raise about $200 million.
• Why might Bitkub choose Hong Kong over Thailand for a listing? — Hong Kong is easing crypto rules and seeks more non‑Chinese listings amid Thailand’s weak 2025 market.
• Is the Hong Kong IPO decision final for Bitkub? — No; deliberations are ongoing and the plan is subject to change and regulatory approvals.
