The bitmain ipo
Bitmain ipo filed and pending so whats next for the.
Bitmain the leading bitcoin mining company and asics hardware producer, has filed a draft ipo prospectus to the hong kong stock exchange. The bitmain ipo & bch (bitcoin cash) problem more of me. The ipo might make it one of the most valuable startups, cryptocurrency or not, to ever debut on the public markets.
According to the informed sources, bitmain filed an ipo application to the sec with deutsche bank as a bank lender in the transaction. A runaway cow escaped from a queens halal slaughterhouse and wandered around area streets a dog-hating man boasted about the pup he killed causing thousands to sign a petition that led to his arrest. Many assumed that mining was a major source of its profits, but it doesnt appear to be.
The bitmain ipo a risky bet on mining and bitcoin cash.
That is to appear before the commission and explain the need for an ipo of bitmain. Given their massive profits, and news of a 1 billion pre-ipo-financing round, bitmains valuation rose to 15 billion and its highly anticipated ipo was expected to join the ranks of ipo historical giants like spotify, facebook and alibaba. The announcement of bitmains public offering isnt without controversy though.
Bitmains long-awaited ipo is still in its draft form and pending further listing hearings from the hkex. Bejing-based bitmain is the largest manufacturer of cryptocurrency mining hardware and a major player in the bitcoin mining space. The ipo would follow the example of competitor canaan, which announced its ipo last month.
How to buy bitmain stock - bitcoin market journal.
In doing so, the company, which is also based in china, was able to achieve only a twelfth of its turnover in 2017 with its avalon miners compared to bitmain. 5 billion in revenue in 2017 versus around 277 million in 2016. Exchange dabtc effective today.
Instruction voting period abcc. You see a lot of disparity in reporting between these administrations. Bitcoin mining giant bitmain has been circulated a pre-ipo investor deck that suggests that as part of the companys plans to go public it will attempt to raise 18 billion during its ipo.