Binance CEO Richard Teng states company is profitable and does not need an IPO

From Investing.com

August 21, 2024 04:12 PM:

Richard Teng, the new CEO of Binance, has stated that the company is financially sound, profitable, and does not need to consider fundraising or an IPO at this time. Since the fifth month of Binance’s operation, it has been profitable, and the company has been very prudent in its spending decisions.

Stay tuned for further updates on Binance as Richard Teng takes the lead as CEO and continues to drive the company’s success without the need for an IPO. Binance has been profitable since the fifth month of its operation and has been very cautious in its spending practices, as stated by the new CEO, Richard Teng.

Read more at Investing.com: Binance CEO Richard Teng Sees no Need for IPO