Chinese Bitcoin mining hardware manufacturer Canaan Creative plans to start trading of its IPO as soon as July, Bloomberg reports May 16.
Canaan, which confirmed rumors it was planning an IPO with a filing this week, will likely create the largest Bitcoin-focused offering yet seen when it debuts on the Hong Kong stock exchange.
Citing anonymous sources, Bloomberg added that while the filing did not mention a specific fundraising target, the figure "Could" circle $1bln - a figure which had previously appeared earlier this month.
The move would create further competition for mining stalwart Bitmain, with Canaan currently already controlling around 15% of the Bitcoin chips and hardware equipment market.
In an interview with Reuters last month co-chairman Jianping Kong said the numbers were equal to "a quarter of the world's bitcoin blockchain computing power."
Major IPO backers appearing on the filing are Morgan Stanley, Deutsche Bank AG, Credit Suisse Group AG and CMB International Capital Ltd. Canaan has yet to issue a public statement about the move, declining comment after a request from Reuters Tuesday.
Bitcoin Mining Manufacturer Canaan Confirms IPO Filing, Backed By Major Banks
Udgivet den May 16, 2018
by Cointele | Udgivet den Coinage
Coinage
Nævnt i denne artikel
Seneste nyheder
Se alt
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.