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Bitpanda Rules Out London for IPO, Eyes New York as Likely Venue

The Vienna exchange cites thin LSE liquidity in favor of markets with deeper investor demand.

Overview

  • Co-founder Eric Demuth said the company is looking much closer at going public and described New York as more likely than Frankfurt.
  • He explicitly ruled out a London Stock Exchange debut, pointing to what he called weak trading liquidity.
  • Recent U.S. listings of crypto firms such as Bullish, Circle and eToro were cited as signs of a more receptive market.
  • Bitpanda has expanded in the U.K. yet still earns most of its revenue in continental Europe, informing the Frankfurt option.
  • No listing decision, filing or timetable has been announced, and the company did not immediately respond to requests for comment.