Bitkub
$65.41M
, Thailand’s largest cryptocurrency alternate, might maintain its first public share sale in Hong Kong as an alternative of Thailand, as native inventory situations stay weak.
In keeping with a Bloomberg report, the corporate goals to gather round $200 million by the potential itemizing.
The alternate, based in 2018, had beforehand thought of itemizing on the Inventory Change of Thailand, with a purpose of going public in 2025. That plan has reportedly been paused as a result of Thai fairness market’s unstable efficiency.
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Thailand’s inventory market has struggled this 12 months. The Inventory Change of Thailand index has fallen by about 10%, which hit its lowest degree in 5 years throughout the first half of 2025.
Analysts pointed to political rigidity with Cambodia and commerce issues as causes for the elevated volatility, which has made the Thai market considered one of Asia’s most unpredictable.
Bitkub is exploring Hong Kong in its place venue. An inventory there would give the corporate entry to extra worldwide traders and a extra energetic capital market.
For Hong Kong, it could be one other step in its effort to draw international listings past Chinese language companies.
The Hong Kong Inventory Change has seen a restoration in fundraising this 12 months. Between January and October 2025, corporations raised round 216 billion Hong Kong {dollars}, or about $27.8 billion, from IPOs.
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