TechFlow news, according to Edaily, Bithumb Korea, the operator of South Korean virtual asset exchange Bithumb, is attempting an IPO again. To regain its position as market leader and challenge Upbit's 85% market share, Bithumb has selected Samsung Securities as its underwriter and plans to list in the second half of 2025.
In addition, the IPO push has led to corporate restructuring, including the return of former Chairman Lee Jeong-woon (phonetic) to the board of Bithumb Holdings and adjustments to the CEO position.
Previously, in June 2020, it was reported that Bithumb made a second attempt to initiate an IPO and appointed Samsung Securities to underwrite the offering.
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