Singapore's state-owned investment company Temasek has officially denied involvement in the upcoming initial public offering (IPO) of Chinese cryptocurrency mining giant Bitmain.
“We've seen commentary about an IPO involving a cryptocurrency company, Bitmain. Temasek is not an investor in Bitmain, and has never had discussions with, or an investment in Bitmain. News reports about our involvement in their IPO are false,” the company said in a statement last week.
Bitmain is set to file for an IPO with the Hong Kong Stock Exchange this month, with a listing expected at the end of the year, or at the beginning of 2019. The stock market flotation is set to raise as much as $18 billion, making it the largest crypto-related IPO to date.
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