Bitpanda has turned down the opportunity for a London IPO, citing insufficient liquidity on the London Stock Exchange. Co-founder Eric Demuth emphasized the LSE’s current struggles and the company’s search for alternatives like Frankfurt or New York for future listings.
The London IPO landscape is under pressure, marking a 30-year low in funds raised. This downturn raises concerns regarding the UK’s competitiveness in attracting capital compared to other global financial hubs, amid ongoing debates on effective crypto regulation.
An increasing number of crypto firms are eyeing the US markets for potential capital opportunities. This trend highlights a shift where companies like Wise have already relocated their listings abroad for more favorable conditions.
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