Bithumb, a virtual asset exchange, has outlined its plan to successfully complete its initial public offering (IPO) by 2028, based on significant improvements in its governance structure.
On August 3, Bithumb announced its IPO progress through a disclosure on its website, stating that it aims to demonstrate management transparency and maximize corporate value.
According to the detailed listing schedule, Bithumb will focus on enhancing its internal control systems and preparing for the transition to Korean International Financial Reporting Standards (K-IFRS) by the end of this year. Following this, the company plans to apply for a preliminary listing review next year, with the goal of completing the final listing process in 2028.
Key preparations for a successful IPO include establishing a risk management system comparable to that of regulated financial institutions, improving management transparency through business restructuring, fostering a transparent market environment through proactive information disclosure, and collaborating with external experts to ensure compliance with listing procedures.
Additionally, Bithumb has committed to establishing a transparent governance structure, strengthening compliance management, enhancing investor protection measures, securing sustainable growth drivers, and implementing a globally competitive management system.
A Bithumb representative stated, "The push for an IPO is a declaration of our commitment to elevate the transparency and stability of virtual asset exchanges to the level of regulated finance. We will systematically fulfill the remaining listing requirements."
* This article has been translated by AI.
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