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Canaan Creative Sets Terms, Plans to Rake in $100 Million in Upcoming US IPO

Published 11/13/2019, 09:12 PM
Updated 11/13/2019, 11:01 PM
Canaan Creative Sets Terms, Plans to Rake in $100 Million in Upcoming US IPO
BTC/USD
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Chinese cryptocurrency mining giant Canaan Creative has announced terms for its United States initial public offering (IPO) planned for later this month.

On Nov. 13, Renaissance Capital reported that Bitcoin (BTC) mining giant Canaan Creative announced its plans to raise $100 million by offering 10 million American depositary shares (ADS) at a price range from $9 to $11. This would potentially put the company’s overall market value at some $1.6 billion, with an enterprise value of $1.4 billion.

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