April 17, 2021

Canaan published information about the upcoming IPO

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Bitcoin miner producer Canaan Creative on Wednesday released more details on the upcoming initial public offering (IPO).

So, Canaan plans to issue 10 million sharespriced from $ 9 to $ 11. Thus, the company expects to receive $ 100 million, which is significantly less than the previously announced figures of $ 4 million. At a price of $ 10 per share, Canaan's market value is $ 1.6 billion.

Recall, on October 28, the largest competitor Bitmain filed an application for an initial public offering of US shares (IPO). As underwriters: Citi Group, Galaxy Digital and four more companies.