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Bithumb Sets 2028 IPO Target After Governance Overhaul

The exchange says the plan aims to rebuild market trust through upgraded controls, a switch to K‑IFRS, advisory oversight by Samjong KPMG, clearer public disclosures, resolution of regulatory probes

Overview

  • Bithumb disclosed Monday that it will seek a preliminary listing review in 2027 and is targeting a completed IPO in 2028.
  • The company says it will finish internal control upgrades and convert its accounting from K‑GAAP to K‑IFRS during 2026 to meet public‑market reporting standards.
  • Bithumb signed an IPO advisory agreement with Samjong KPMG through the end of 2027 and says it is expanding disclosures and corporate governance to restore investor confidence.
  • The listing timetable remains conditional because the exchange still faces regulatory enforcement for anti‑money‑laundering and personal‑data failures and must pass audits and reviews before a filing can proceed.
  • Bithumb has split off Bithumb Asset, is negotiating possible strategic investment talks with Kiwoom Securities, and aims to show clearer custody of customer assets and more stable revenue to compete with domestic peers as Korea tightens crypto rules.