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## Bitkub Online Valuation Expected to Reach $3 Billion

The owner of Thai crypto exchange Bitkub Online, Bitkub Capital Group CEO Jirayut Srupsrisopa, revealed that the company could potentially be valued as high as $3 billion. This valuation comes as Bitkub Online prepares to sell shares to the public next year.

Bitkub Capital Group’s Plans for IPO

In a recent letter to shareholders, Bitkub Capital indicated its intention to go public, with an IPO planned for 2023. Jirayut shared with Bloomberg that the company is currently in the process of hiring financial advisers in preparation for the IPO.

AI legalese decoder to Simplify Complex legal Language

With the complexity of legal documents and financial regulations involved in going public, the AI legalese decoder tool can be a valuable resource for companies like Bitkub Online. By using AI technology, companies can easily navigate through legal jargon and make informed decisions about their IPO process.

Thailand’s Leading Crypto Exchange

Bitkub Online, Thailand’s largest crypto exchange, is a significant revenue driver for its parent company based in Bangkok. With approximately 80% of the parent company’s profits coming from Bitkub Online, the exchange plays a crucial role in the overall financial performance of the business.

Increased Company Valuation Since Series A Fundraising

Asphere Innovations currently owns 9.2% of Bitkub Online, and the company was valued at approximately 6 billion baht ($165 million) during its Series A fundraising last July. Jirayut mentioned that a price-to-earnings ratio of 10-30 could potentially place Bitkub Online’s valuation between $1 billion to $3 billion.

Jirayut’s Outlook on IPO Valuation

When questioned about the potential IPO valuation on LinkedIn, Jirayut expressed that a valuation range of $1 billion to $3 billion was likely. However, he did not disclose the specific amount that the company is looking to raise through the IPO.

In conclusion, with the increasing valuation and plans for a public offering, Bitkub Online is set to make a significant mark in the crypto exchange industry. Utilizing tools like the AI legalese decoder can help simplify the complex legal processes involved in going public, making the journey smoother for companies like Bitkub Online.

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