Bitpanda plans to actively assess going public, but will not choose London for now.

According to reports, Bitpanda co-founder Eric Demuth stated that although the company is actively planning for an IPO, it will not choose London as its listing location. Instead, Bitpanda is evaluating the possibility of going public in Frankfurt or New York, but a specific timeline has yet to be determined. He pointed out that, from a liquidity perspective, the London Stock Exchange is currently underperforming, and he is concerned that the London exchange may face challenges in the coming years. Demuth further noted that several companies, including the UK fintech firm Wise, have already relocated or are in the process of relocating their primary listing locations overseas to attract more investors. The UK is currently facing the most severe IPO drought in decades, with the amount raised from listings in London dropping to a 30-year low in the first half of this year, raising concerns about its ability to compete with other global financial centers. Additionally, the cryptocurrency policy released by the UK in June has also faced criticism. Analysts at OMFIF believe that the UK has squandered its leading advantage in the distributed ledger finance sector.