South Korean crypto exchange Bithumb has announced an initial public offering plan and outlined the steps it says it is taking to get there. According to an official notice cited by PANews, the company aims to finish internal control improvements and preparations for a transition to K-IFRS, or Korean International Financial Reporting Standards, in 2026. It then plans to file a preliminary listing review application in 2027 and complete a formal listing in 2028.
Bithumb said it has already begun a series of reforms tied to the IPO process. These include building an institutional finance-level risk management system and using business restructuring to improve management transparency. The exchange said it has carried out structural changes, including the spin-off of Bithumb Asset, to clarify the roles and responsibilities of individual business units.
The company also said it is working to strengthen financial stability by broadening its business model and holding liquid assets in reserve. On disclosure, Bithumb said it will regularly publish its financial condition, key management matters, and virtual asset holdings. It added that it is working with external professional firms, including major domestic and overseas securities firms and law firms, while widening investor relations communication channels.
South Korean crypto exchange Bithumb has announced an IPO plan and provided an update on how the process is being prepared. According to an official announcement cited by PANews, the company plans to complete internal control improvements and preparations for a K-IFRS transition in 2026, file a preliminary listing review application in 2027, and complete a formal listing in 2028.
Bithumb sets out its listing timetable
Bithumb said it has already launched several reform measures to move the IPO forward. Those steps include building a risk management system at an institutional finance standard and improving management transparency through business restructuring.
The exchange said it has already carried out structural changes, including the spin-off of Bithumb Asset, to more clearly define the roles and responsibilities of each business division.
Reforms also cover disclosure and outside advisers
On operations, Bithumb said it plans to broaden its business model and improve financial stability by holding liquid assets in reserve. On disclosure, the company said it will regularly release its financial status, key management matters, and virtual asset holdings to help create a more transparent market environment.
Bithumb also said it is carrying out the listing process in a more systematic way by working with outside professional institutions, including major domestic and overseas securities firms and law firms, while also expanding investor relations communication channels.
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