Bitkub Shifts IPO Strategy from Thailand to Hong Kong Amid Market Volatility
Bitkub, Thailand's largest digital asset platform, is pivoting to a Hong Kong IPO after shelving initial plans to list domestically. The exchange aims to raise $200 million, capitalizing on stronger investor appetite for tech offerings in overseas markets. Daily trading volumes on Bitkub currently hover around $66 million.
Thailand's stock market woes forced the strategic shift. The benchmark index plunged 10% in 2025, touching a five-year low, while foreign investors dumped over $3 billion in equities. Geopolitical tensions with Cambodia and trade uncertainties further eroded confidence in local listings.
Hong Kong's robust IPO climate presents a compelling alternative. The financial hub saw nearly $28 billion raised through listings in the first ten months of 2025. This MOVE mirrors a broader trend of Southeast Asian firms seeking more stable listing environments amid regional economic headwinds.
