Chinese cryptocurrency mining giant Bitmain officially filed on Wednesday a draft application for its highly-anticipated initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX). In the preliminary document, the company also made its first public financial statement, disclosing its figures for the first half of the year.
The prospectus is pending further listing hearings from the HKEX. The application proof lacks certain details, including potential valuation of the stock, number of shares to be offered, and timeframe for the listing. However, the company revealed it would use the IPO proceeds to invest in research and development and expand its production.
Bitmain CEO Jihan Wu first revealed the company’s intentions to go public in June 2018. The mining ri...
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