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Tokocrypto shelves IPO plans after being acquired by Binance

On August 14th, Tokocrypto put its IPO plans on hold after being acquired by Binance and new leadership taking over. Tokocrypto co-founder Pang Xue Kai had previously stated in January 2022 that Tokocrypto was preparing to go public in 2024 or 2025. New CEO Yudhono Rawis stated that the company does not have a clear goal for an IPO.

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