Bitpanda targets Frankfurt IPO with up to $5.5B valuation: Report

Bitpanda, the Vienna-based digital investment platform, is reportedly preparing for a high-profile Initial Public Offering (IPO) on the Frankfurt Stock Exchange (FSE). According to recent reports citing people familiar with the matter, the company is seeking a valuation of up to $5.5 billion (approximately €5 billion), positioning it as one of Europe’s most significant fintech debuts in the coming year.

The IPO drive comes amid a revitalized global cryptocurrency market and Bitpanda’s strategic push to expand its regulated investment offerings across Europe, which now include fractional stocks, ETFs, and precious metals alongside its core digital asset services. Sources indicate that the platform, which serves over four million users, has already engaged with leading investment banks to manage the listing process.

While the company has not officially confirmed the specific valuation or timeline, the move suggests confidence in the company’s profitability and scalability. A successful listing at the targeted valuation would provide Bitpanda with substantial capital for global expansion, increased competition against established financial institutions, and further development of its B2B financial infrastructure solutions. The potential listing is tentatively scheduled for late 2024 or the first half of 2025, depending on prevailing market conditions.

Source: Bitpanda targets Frankfurt IPO with up to $5.5B valuation: Report