IPO

Canaan, one of the leading cryptocurrency mining hardware maker plans to raise $100 million from its Nasdaq IPO. It originally planned to raise $400 million. Now with the revised terms, the company plans to offer 10 million shares at $9 to $11 apiece which will place it at a market...

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  • November 20, 2019

Leading cryptocurrency mining hardware manufacturer, Bitmain is said to have filed an application for its IPO (Initial Public Offering) with the U.S. SEC. According to Tencent News, Deutsche Bank is the sponsor of the Bitmain’s application. Bitmain had a failed attempt for its IPO with the Hong Kong stock exchange...

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  • October 30, 2019

Canaan Inc, the second-largest manufacturer of Bitcoin mining machines with a 21.9% market share in H1 2019 filed for a U.S. IPO (Initial Public Offering). According to the filing, the company plans to target $400 million of capital raise and list on Nasdaq Global Market under the symbol ‘CAN’. Proceeds from...

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  • October 29, 2019