2026-01-15 09:29:41

The European cryptocurrency exchange supported by Silicon Valley investment heavyweight Peter Thiel is actively preparing for an IPO. According to reports, this exchange, headquartered in Vienna, is expected to list on the Frankfurt Stock Exchange in Germany as early as the first half of 2026.

The target valuation for this IPO is quite substantial—between €4 billion and €5 billion (approximately $4.66 billion to $5.82 billion). To ensure a smooth listing, the exchange has partnered with Goldman Sachs, Citigroup, and Deutsche Bank as lead underwriters. However, it should be noted that the final valuation and specific timeline may still be subject to adjustments.

Interestingly, this exchange initially considered listing in London but abandoned the idea due to concerns over insufficient liquidity at the London Stock Exchange. The co-founders of the exchange once revealed that their final choice would be between New York and Frankfurt. The decision to select Frankfurt was influenced by a key reason—the deep strategic partnership with Deutsche Bank. Both institutions have publicly announced their collaboration to launch cryptocurrency custody services in 2026, and this choice of listing location more or less reflects the continuation of this strategic cooperation.

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MechanicalMartel

· 01-16 04:01

The platform behind Thiel is about to go public, with an estimated valuation of 4-5 billion euros... This time, instead of New York, they chose Frankfurt, which aligns with the custody cooperation logic with Deutsche Bank.

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MerkleTreeHugger

· 01-15 09:59

Thiel-backed projects are different, directly targeting Frankfurt... Deutsche Bank's cooperation is quite deep this time.

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MidnightGenesis

· 01-15 09:53

On-chain data shows that this transaction process is interesting, and the deeply integrated logical chain of Deutsche Bank is too obvious... It’s worth noting that at the 2026 time point, the contract deployment window is so tightly constrained. As expected, traditional European finance is trying to catch up.

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DogeBachelor

· 01-15 09:51

Thiel-backed exchange is going public, no doubt about the pace Deutsche Bank is playing quite deep behind the scenes, one chain just died Wait, 4-5 billion euros? That valuation is way too inflated Lack of liquidity and abandoning London, that reason sounds pretty childish haha Wait until 2026, it's hard to say whether it's a bear or bull market then Goldman Sachs and Citibank teaming up? Traditional finance still wants to take over Is Vienna's exchange really that awesome? I’ve never heard of it Deutsche Bank custody crypto? That’s just outrageous

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FOMOSapien

· 01-15 09:41

The exchange behind Thiel is going public, with a valuation of 5 billion euros... Here we go again, it's those Goldman Sachs folks bleeding us dry. Frankfurt? Definitely just trying to ride the wave of Deutsche Bank's popularity. Wait, custody services won't be launched until 2026? It's a bit early to start pumping now. Can we trust what Peter Thiel has invested in this time? I don't know where the confidence in a 5 billion valuation comes from. Is this crypto exchange business still worth anything? Deutsche Bank teaming up with crypto, the smell of traditional finance compromise is getting stronger. They want to adjust the valuation before the IPO; I bet it will shrink in the end.

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