Richard Teng, Binance’s New CEO, Sees No Need for an IPO – Coindesk
“Our financial position is exceptionally strong, so there is no immediate need for us to consider raising funds through IPOs or launching an initial public offering,” Teng said. “Since the fifth month of Binance’s operations, the company has been profitable and very cautious in its expenses. Therefore, the topic of the initial public offering was not raised.’
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