BitKub CEO Values Exchange As High As $3B Ahead of Planned IPO

• According to Jirayut Srupsrisopa, Bitkub Capital Group could be valued at $3 billion in an upcoming IPO.
• Bitkub Capital is hiring financial advisers ahead of the planned IPO.
• The Bitkub exchange provides 80% of its parent company’s profit.

According to Jirayut Srupsrisopa, CEO of Bitkub Capital Group, the company could be valued at as high as $3 billion in an upcoming Initial Public Offering (IPO). Srupsrisopa made the statement while speaking to Bloomberg about the planned IPO, which he claimed to be scheduled for next year.

During his conversation with the renowned media outfit, Srupsrisopa noted that Bitkub Capital, the owner of the Thai crypto exchange Bitkub Online, is hiring financial advisers. They intend to prepare for the upcoming IPO, which the company broadcasts to shareholders in a 2023 letter that doesn’t specify the timeframe.

Bitkub Online is Thailand’s biggest crypto exchange, providing about 80% of the parent company’s profit. Bitkub Capital’s ownership of the crypto exchange is not absolute, as 9.2% of the Bangkok-based outfit is owned by Asphere Innovations.

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