Bithumb of South Korea Plans an IPO for the Second Part of 2025, According to a Report

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Last Updated on November 13, 2023 by Bitfinsider

According to a local media report, South Korean cryptocurrency exchange Bithumb is beginning to prepare for an IPO in Korea.

A report published on Sunday by Edaily indicates that Bithumb selected Samsung Securities as its underwriter last month for a possible Kosdaq IPO that is scheduled for the second half of 2025.

The local media site also revealed that Lee Jeong-hoon, the company’s previous chair, has rejoined the organization as a registered director on its board, citing a person with knowledge of the situation. Although Lee was cleared earlier this year, he was charged with fraud in October 2018 in connection with the purchase of the cryptocurrency exchange.

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