South Korea’s Bithumb eyes IPO in second half of 2025: report

Exchanges • November 13, 2023, 2:47AM EST

Published 1 minute earlier on

Quick Take

Bithumb told local media that it had chosen Samsung Securities as its underwriter.

South Korean cryptocurrency exchange Bithumb is starting to plan for an initial public offering in Korea, according to a local media report.

Edaily reported on Sunday that Bithumb chose Samsung Securities as its underwriter last month for a potential IPO planned in the second half of 2025 on Kosdaq.

The local media outlet also reported, citing a source familiar with the matter, that the company’s former chair, Lee Jeong-hoon, has returned to the company as a registered director on its board. Lee was accused in October 2018 of fraud related to the crypto exchange’s acquisition but was found not guilty earlier this year.

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Bithumb did not immediately respond to The Block’s request for comment.

About Author

Timmy Shen is an Asia editor for The Block. Previously, he wrote about crypto and Web3 for Forkast.News from Taiwan after spending more than three years in Beijing covering finance and current affairs at Caixin Global and Chinese tech at TechNode. His China-related reporting has also appeared in The Guardian. When he's not chasing headlines, you'll find him savoring hot pot and shabu shabu in a Taipei local haunt. Timmy holds an MS degree from Columbia University Graduate School of Journalism. Send tips to [email protected] or get in touch on X/Telegram @timmyhmshen.