Bitpanda has confirmed plans to pursue an IPO but has excluded London, focusing on Frankfurt and New York.
Changes in Bitpanda's Strategy
Co-founder and CEO Eric Demuth confirmed that the company will concentrate its efforts on the markets of Frankfurt and New York, citing insufficient liquidity in the London Stock Exchange.
Liquidity and Its Impact on the Decision
Demuth noted that 'currently, the LSE is not doing too well liquidity-wise... over the next few years, I think the LSE is struggling a bit.' This decision reflects a broader shift in strategies among fintech companies seeking more liquid markets.
The Future of IPOs in Other Financial Centers
The shift in focus to Frankfurt and New York is also in line with trends observed among other fintech companies like Wise and Coinbase, anticipating increased liquidity and investor interest.
Bitpanda's decision to exclude London from its IPO plans highlights the current challenges faced by European fintech companies and suggests a potential increase in interest towards other financial centers.
