Bitpanda raised collective eyebrows within the European fintech corridors by opting out of a UK public itemizing. However why did Bitpanda snub the UK as a possible itemizing venue, you might ask?
Seems that the Vienna-based fintech platform, backed by billionaire Peter Thiel, cited poor liquidity of the London Inventory Trade (LSE) as its foremost purpose for opting out of its unique plan.
In response to a report revealed by the Monetary Instances on 26 August 2025, Bitpanda’s CEO, Eric Demuth, stated that the corporate will as a substitute give attention to both Frankfurt or New York as its venue of selection when it goes forward with a public providing.
Whereas no timeline has been formalised, London is certainly off the listing.
𝙅𝙐𝙎𝙏 𝙄𝙉: Bitpanda, a crypto trade backed by billionaire traders Peter Thiel, has dominated out itemizing in
London because of an absence of liquidity in share buying and selling, making it the newest firm to shun the UK’s capital markets. pic.twitter.com/gO14oxX4x2
— Marcel van Oost (@oost_marcel) August 26, 2025
Demuth confirmed that Bitpanda shouldn’t be the one firm that has shelved its London plans. Per Demuth, a variety of corporations are transferring away from the LSE.
He pointed to the British fintech, Smart, which lately moved its major itemizing to New York after a shareholder vote. The British fintech made the transfer primarily because of a requirement for deeper capital swimming pools and enhanced market liquidity.
Additional to this, he confirmed the London bourse’s ongoing wrestle to draw adequate buying and selling quantity and investor depth.
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London’s Buying and selling Scene Appears to be like Dry: UK’s IPO Market Plunges To Lowest Level In Three A long time
Contemplating how London is struggling to retain its standing as a number one IPO vacation spot, the Bitpanda UK exit looks like a good enterprise choice.
The UK’s IPO market has plunged to its lowest level in three many years, with simply £160 million to £182.8 million ($216m–$247.8 M) raised within the first half of 2025. This represents an enormous decline from the £8.8 billion ($11.88 B) peak that occurred in 2021.
The fundraising local weather has remained weak even after factoring in secondary choices.
The London inventory trade now makes most of its earnings from being a knowledge warehouse not listings… positively not a superb signal. pic.twitter.com/g6tyjp7Wpi
— Mohamed (@Mahalildn1) August 18, 2025
Demuth defined that whereas Bitpanda has lately entered the UK market, it nonetheless derives its foremost income from continental Europe.
Earlier in June, Carrie Osman, founder and CEO of the expansion consultancy agency Cruxy, echoed the decline of the LSE.
Per Osman, there are a number of explanation why corporations are delisting from the LSE. Some are structural, however the lack of liquidity is the principle subject.
Her remarks got here after the acquisition of a UK-based semiconductor firm, Alphawave Semi, by Qualcomm, inflicting one other high-profile departure from the LSE.
In response to her, the UK’s weaker investing tradition, in comparison with the US, the place folks usually make investments by means of 401(ok) plans, is holding again the LSE.
On GlobalData’s Immediate Insights podcast, she stated, “I used to be some details, and I believed it’s very fascinating that, for instance, within the UK, about 23% of adults have shares and shares. Once we examine that to the US, it’s 62%.”
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Bitpanda UK Departure Displays Broader Trade Development
Bitpanda sidestepping the UK is indicative of a broader trade pattern the place corporations are transferring to greener pastures seeking better liquidity, regulatory readability and investor depth.
The US and continental Europe have emerged as public itemizing hotspots because of their receptive regulatory environments and institutional curiosity.
The New York Inventory Trade (NYSE) and the Nasdaq have grow to be magnets for crypto native corporations due to their friendlier insurance policies and an institutional capital influx beneath the Trump administration.
Earlier this 12 months, Circle, the issuer of USDC stablecoin, raised $1.05 billion on the NYSE at an $8 billion valuation. Gemini and BitGo have adopted go well with to listing within the US. In the meantime, Bullish, one other Thiel-backed trade, publicly debuted on the NYSE this month.
The distinction with the LSE is stark. Whereas the UK goals to guide in fintech, its IPO market continues to undergo from skinny buying and selling volumes and low investor urge for food, elevating questions on its viability for high-growth tech companies.
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Key Takeaways
- UK’s IPO market has plunged to its lowest level in three many years, with simply £160 million to £182.8 million ($216m–$247.8 M) raised within the first half of 2025
- Bitpanda cancelled its UK itemizing plan because of the LSE’s poor liquidity
- Bitpanda will select both Frankfurt or New York for its public providing
The publish Did Bitpanda Simply Snub UK Itemizing Over Liquidity Points? appeared first on 99Bitcoins.
