**[Bitpanda Plans IPO in Frankfurt in the First Half of 2026, Targeting a Valuation of €4 Billion to €5 Billion]** According to Bloomberg, sources familiar with the matter revealed that Bitpanda GmbH, a crypto trading platform backed by billionaire Peter Thiel, is preparing for an initial public offering (IPO) in Frankfurt as early as the first half of this year. The company is seeking a valuation of €4 billion to €5 billion in this offering. Bitpanda has hired Goldman Sachs, Citigroup, and Deutsche Bank to arrange the IPO, and it is reportedly possible for the listing to occur in the first quarter of this year. Sources noted that no final decision has been made yet, and the specific details of the IPO, including the timeline, are still subject to change. A representative for Bitpanda stated that an IPO is one of the options the company is considering for further development but declined to comment further. Representatives for Goldman Sachs, Citigroup, and Deutsche Bank also declined to comment. Bitpanda was founded in 2014 and provides retail trading services for cryptocurrencies, stock derivatives, and commodities. In August 2021, the company raised $263 million from investors, including Thiel’s Valar Ventures, at a valuation of €4.1 billion. The company has 7 million users and is the official cryptocurrency trading partner of Arsenal Football Club.