According to reports, Bitpanda plans an initial public offering in the first half of 2026 in Frankfurt, seeking approximately $4.7 billion to $5.8 billion. The company chose Frankfurt after ruling out London for lower liquidity, and it has tapped Goldman Sachs, Citigroup and Deutsche Bank to work on the listing (Ed. note: euro amounts converted to USD).
Bitpanda says it has over seven million users, and consultancy EY estimates the firm accounts for about 59.6% of Austria’s domestic crypto trading market.
Several rivals are also preparing market entries. Kraken filed confidentially for an IPO amid a roughly $20 billion post-funding valuation, while FalconX, Grayscale and Blockchain.com have discussed possible listings.
Last year saw major crypto debuts by issuers such as Circle, Bullish and eToro. Earlier this week, BitGo filed to list on the NYSE with a potential valuation near $2 billion and a planned offering date of January 21.
