Bitpanda Rules Out London Listing, Considers Frankfurt or New York

According to ChainCatcher, as reported by Cointelegraph, Eric Demuth, co-founder of the crypto exchange Bitpanda, told the Financial Times that although Bitpanda is actively evaluating plans to go public, it “will not list in London.” Instead, the company is considering the possibility of listing in Frankfurt or New York, but no specific timeline has been set.

Demuth stated, “At present, from a liquidity perspective, the London Stock Exchange is not performing very well. I hope things will improve, but I believe the London Stock Exchange will face difficulties in the coming years.” He pointed out that several companies, including UK fintech firm Wise, have already moved or are moving their primary listing locations overseas to attract more investors. The UK is facing its most severe IPO drought in decades, with funds raised from London listings in the first half of this year falling to their lowest level in 30 years.