Austrian fintech company could attempt the biggest IPO of the year in 2025

Austrian fintech company could attempt the biggest IPO of the year in 2025

The one supported by Peter Thiel Cryptocurrency platform Bitpanda GmbH is considering various strategic options for its future, including a possible IPO on the Frankfurt Stock Exchange. The Vienna-based company works with the renowned investment banks Citigroup and JPMorgan Chase according to Bloomberg became known from well-informed circles.

Deutsche Bank and Keyrock announce strategic partnership

Deutsche Bank and Keyrock announce strategic partnership

Valuation could exceed four billion

According to insiders, a potential transaction could value the company at more than $4 billion. Next to one Initial public offering (IPO) a possible sale of the company is also being considered. Implementation of one of these options is expected next year, although the final decision is still pending.

Crypto market on the rise

The positive development on the Cryptocurrency marketespecially after the approval of Bitcoin ETFs by US regulators, makes companies like Bitpanda particularly attractive to potential investors. The startup, founded in 2014 and enabling private investors to trade cryptocurrencies, stock derivatives and commodities, has already enjoyed considerable success. In the last funding round in August 2021, Bitpanda was valued at $4.1 billion and received investments from well-known backers such as Valar Ventures, Peter Thiel’s investment vehicle.

The latest business figures underline the company’s positive development: a record profit is expected for 2024, after sales of over 100 million euros were already achieved in the first quarter of the current year. After a loss of more than 130 million euros in 2022, the company recorded a pre-tax profit of 13.6 million euros in 2023. The recently announced partnership with Deutsche Bank to provide IBAN accounts for German customers also shows the desire to further professionalize and expand the business.

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