Binance Hires IPO Heavyweight as CFO, Fueling Rumors the Exchange is Going Public

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Binance Hires IPO Heavyweight as CFO, Fueling Rumors the Exchange is Going Public

Sun Sep 09, 2018 12:19 pm

Cryptocurrency exchange Binance has recruited an executive with wide experience in initial public offerings (IPOs) as its chief financial officer.

Wei Zhou, who is currently the vice chairman of gay dating platform Grindr, boasts of executive experience running into more than one-and-a-half decades. He began his career at the Hong Kong subsidiary of Goldman Sachs, where he focused on investment banking.

A graduate of Harvard University,where he received a bachelor’s degree in economics and East Asian studies, Zhou has particular expertise in growing and scaling business operations in the United States and China. Additionally, Zhou has served as the chief financial officer of both Charm Communications, a Chinese TV advertising firm, and Zhaopin.com, China’s second-biggest online recruitment services platform, managing to lead these firms into successful listings on NASDAQ and the New York Stock Exchange (NYSE), respectively.

Initial Public Offering
This has led to speculation that, with the hire, Binance is preparing for an IPO. However, the cryptocurrency exchange’s CEO, Changpeng Zhao, has denied this while not dismissing the fact that the relatively young cryptocurrency sector could benefit from the fundraising model.


https://www.ccn.com/binance-hires-ipo-h ... ng-public/

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