Bithumb says IPO likely to be delayed beyond 2027

South Korean crypto exchange Bithumb has projected that its initial public offering (IPO) will likely be delayed beyond 2027, MaEdaily reported. The outlook was shared during a shareholders' meeting where CEO Lee Jae-won was also reappointed. Bithumb CFO Jeong Sang-gyun explained that the company signed an IPO advisory contract with Samjong KPMG late last year with a target deadline of the end of 2027. He added that Bithumb is currently in the preliminary stages of strengthening its accounting policies and internal controls, emphasizing the need for thorough internal verification as it aims to be the first in the industry to go public.