Phoenix Group Delays IPO Listing Date on Abu Dhabi Securities Exchange

Cryptocurrency mining firm Phoenix Group has experienced a high level of interest in its upcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange. Due to the UAE National Day public holidays, the listing date has been rescheduled from December 4 to December 5, 2023. The IPO closed with a significant oversubscription, with retail […]

Ripple’s IPO Delayed Amid Fintech Sector Downturn

Ripple’s planned initial public offering (IPO) has been delayed due to the current downturn in the fintech sector. The overall decline in stock values of prominent fintech companies has had a ripple effect on investment decisions across the industry. This market turmoil has also affected the cryptocurrency space, including Ripple and USD Coin (USDC) Circle. […]

Phoenix Group’s IPO Raises $370 Million, Reflecting Strong Investor Confidence in Middle Eastern Crypto Economy

Abu Dhabi-based Bitcoin mining service provider, Phoenix Group, has successfully completed its initial public offering (IPO), raising approximately $370 million. The IPO, which sold 907 million shares, surpassed the firm’s initial expectations by raising 33 times the projected amount. The overwhelming demand from retail investors led to the IPO being oversubscribed by 180 times, with […]

Former Bithumb Chairman Faces Eight-Year Prison Sentence in Cryptocurrency Exchange Governance Scandal

Lee Jeong-hoon, the former chairman of Bithumb, a major cryptocurrency exchange in South Korea, is currently facing a legal battle that could result in an eight-year prison sentence. Prosecutors allege that Lee intended to manipulate Bithumb’s governance to benefit from exchange coins, bypassing financial regulations. They claim that Lee received payments without disclosing the decision […]

Bithumb Prepares for IPO to Challenge Upbit’s Dominance in South Korean Crypto Market

Bithumb, the second-largest cryptocurrency exchange in South Korea, is making strategic moves to prepare for an initial public offering (IPO) on the KOSDAQ market. The exchange aims to challenge Upbit, the leading exchange in South Korea, and regain market supremacy. Bithumb’s IPO is expected to take place in 2025. The exchange is undergoing organizational reorganizations, […]

Bithumb Plans 2025 IPO on KOSDAQ to Rebuild Public Trust Amid Leadership Overhaul

South Korean cryptocurrency exchange Bithumb is planning to go public on the Korean Securities Dealers Automated Quotations (KOSDAQ) through an Initial Public Offering (IPO) in 2025. This move is part of Bithumb’s expansion strategy and aims to position the exchange as a strong competitor against Upbit, a major player in the country’s cryptocurrency market. Bithumb […]

Bithumb, South Korean Cryptocurrency Exchange, Plans Public Listing on KOSDAQ

Bithumb, a major South Korean cryptocurrency exchange, is reportedly planning to go public on the KOSDAQ, South Korea’s equivalent of the Nasdaq. The exchange aims to become the first digital asset firm to achieve this milestone, with a targeted initial public offering (IPO) in the second half of 2025. Bithumb, founded in 2014, has established […]

Circle Considers IPO as USDC Market Dominance Hits Two-Year Low

Circle, the issuer of the USD Coin (USDC) stablecoin, is reportedly considering an initial public offering (IPO) next year. The company has initiated discussions with advisors to facilitate the IPO process. While the exact valuation Circle is aiming for remains undisclosed, it is worth noting that the company had a $9 billion valuation during its […]

Circle Considers IPO in 2024, USDC Market Cap Drops 56%

Circle, the issuer of the USD Coin (USDC), is reportedly considering an initial public offering (IPO) in early 2024, according to Bloomberg. While the stablecoin issuer has been in talks with advisers about the move, there is no certainty that it will result in a public listing. Circle had previously agreed to go public through […]