Binance CEO Richard Teng Sees no Need for IPO - Coindesk

(Updated - August 21, 2024 4:14 PM EDT)

Richard Teng, the new CEO of Binance sees no need for an IPO - Coindesk"We are in very strong financial shape, so there's really no need for us to consider any fundraising or an IPO at this time," Teng said. "Since the fifth month of Binance's operation, it has been profitable, and it has been very prudent in terms of spending. So [an IPO] is not a subject that has come up."

Source: Investing.com