Bitkub s Potential IPO in Hong Kong: A 200 Million Opportunity
Thai cryptocurrency exchange Bitkub is reportedly contemplating an initial public offering IPO in Hong Kong, aiming to raise approximately 200 million. According to a Bloomberg report from November 24, 2025, Bitkub, established in 2018 and based in Bangkok, is considering this move as early as next year. This comes after previously considering a listing in Thailand amidst a weak performance of the 2025 SET Index.
A Hong Kong IPO could enhance the city s efforts to become a hub for digital assets and introduce a non-Chinese listing to its markets as regulators relax crypto regulations. However, market activity in Hong Kong remains subdued, and the plan is still subject to final decisions and regulatory approvals.
The report highlights that Thailand s stock market has underperformed in 2025, while first-time share sales in Hong Kong are on the rise, potentially exceeding 40 billion this year.
Bitkub is reportedly considering a Hong Kong IPO to raise about 200 million,
the report states.
Deliberations regarding the IPO are ongoing, and details may change. Bitkub has not yet commented on the matter.