Bitmain Targeting $3B IPO, Ready to File Application this September
Cryptovest
Published Aug 15, 2018 01:52PM ET
Updated Aug 15, 2018 03:00PM ET
Bitmain Targeting $3B IPO, Ready to File Application this September
China-based cryptocurrency mining equipment maker Bitmain might initiate an initial public offering (IPO) in Hong Kong as early as this September, sources familiar with the matter told Bloomberg. The largest crypto mining chips manufacturer is targeting $3 billion, the sources said. Bitmain, which is led by co-founder Jihan Wu, intends to file a listing application with the Hong Kong stock exchange. The company has recently completed a funding round, during which its total valuation was estimated at around $15 billion.
In early July, we reported that Bitmain was valued at about $12 billion and that CEO Jihan Wu was thinking about IPO-ing in Hong Kong. However, no deadline was revealed at that time.
Given a successful IPO, the cryptocur...
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