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Peter Thiel-Backed Bitpanda Rejects London Listing, Eyes Frankfurt or New York Instead

Peter Thiel-Backed Bitpanda Rejects London Listing, Eyes Frankfurt or New York Instead

According to co-founder Eric Demuth, Bitpanda is weighing Frankfurt or New York for a future IPO, citing London’s weak liquidity and historically low UK IPO activity as reasons to rule out London.

Fact Check
The statement is strongly confirmed by multiple credible sources. The Financial Times (Source 3 & 6), Yahoo Finance (Source 5), and ainvest.com (Source 4 & 7) all explicitly report that Peter Thiel-backed Bitpanda has ruled out or rejected a UK/London listing. These same sources, along with bebeez.eu (Source 8), directly state that the company is now considering Frankfurt and New York as alternative locations for its potential IPO.
    Reference: 1
Summary

Bitpanda co-founder Eric Demuth confirmed the crypto exchange is actively evaluating a public listing but has ruled out London due to poor liquidity on the London Stock Exchange. Demuth stated that Frankfurt or New York are under consideration, though no timeline has been set. He highlighted that UK IPO activity is at its lowest in 30 years, with companies such as Wise moving listings overseas to attract investors. Analysts argue the UK has lost its early advantage in distributed ledger finance, underscoring London’s diminishing role in global capital markets.

Terms & Concepts
  • IPO: Initial Public Offering, the process where a private company offers its shares to the public for the first time.
  • Distributed Ledger: A database that is consensually shared and synchronized across multiple sites, institutions, or geographies, allowing transactions to have public witnesses.