South Korea's Bithumb officially targets 2028 IPO, outlines multi-year roadmap
Quick TakeBithumb, South Koreas second-largest crypto exchange, officially confirmed its 2028 target for an initial public offering.The exchange said it will request a preliminary listing review in 2027. Bithumb, South Koreas second-largest crypto exchange, announced Monday that it is advancing preparations for an initial public offering, with a target completion date in 2028. In a notice posted on its website, the exchange laid out its multi-year preparation plan for the IPO. This year, Bithumb will focus on upgrading its internal controls and preparing its transition to comply with the Korean International Financial Reporting Standards (K-IFRS), the countrys official accounting framework built on international standards. The company currently operates on Korean Generally Accepted Accounting Principles (K-GAAP). In 2027, Bithumb plans to request a preliminary listing review and have its application reviewed by local authorities, and ultimately complete its IPO in 2028. The schedule remains subject to changes in market conditions and regulatory review timelines, Bithumb noted. “Bithumb is advancing towards the ambitious goal of an IPO to maximize corporate value and demonstrate management transparency,” the company wrote in the notice. “Bithumb‘s listing is not simply about expanding the company’s size, but a process of building solid trust so that customers can trade with greater peace of