Thai crypto exchange Bitkub sees IPO valuation of up to $3 billion

Thai cryptocurrency exchange Bitkub has announced plans for an initial public offering (IPO) in 2025, with Bitkub Capital Group Holdings CEO Jirayut Srupsrisopa predicting a valuation of up to $3 billion, CoinDesk reports. "At a price-to-earnings ratio (PER) of 10-30, the valuation will be between $1 billion and $3 billion," he said, adding, "We are planning an IPO next year. We are currently hiring financial advisors for this," he said. He declined to comment on the size of the investment.