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Bitpanda Exploring Potential IPO in Germany

Austrian cryptocurrency exchange Bitpanda is reportedly eyeing a potential initial public offering (IPO) in Frankfurt, Germany. It will supposedly value the exchange at no less than $4 billion if it materializes. According to the report, an IPO is one of several options the exchange is considering, and Citigroup and JP Morgan have been appointed to advise on the process. Bitpanda was founded in 2014 to offer crypto retail trading and equities derivatives. It raised more than $260 million in a 2021 funding round that included participation from billionaire investor Peter Thiel’s Valar Ventures. At the time, the company was valued at $4.1 billion.


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