Bitkub considers $200M Hong Kong IPO amid Thai market slump

Thailand's largest cryptocurrency exchange, Bitkub, is considering an overseas initial public offering (IPO) amid a slump in its local stock market, Bloomberg reported, citing sources familiar with the matter. According to the sources, Bitkub is planning to raise $200 million through an IPO in Hong Kong. The exchange had previously considered a domestic listing this year, but the plans were reportedly delayed due to growing market uncertainty.