Thai cryptocurrency exchange Bitkub is reportedly planning to launch an initial public offering (IPO) in Hong Kong as early as next year, aiming to raise approximately $200 million. The decision comes as Bitkub shifts its focus from a domestic listing in Thailand, where the stock market has underperformed this year, with new stocks averaging a decline of over 12%. The move to Hong Kong is seen as a strategic choice to tap into a more favorable market environment.