Canaan Inc., the largest manufacturer of cryptocurrency mining equipment, has taken a leading position in cryptoindustry as the IPO launches in the UnitedStates of America. According to the application, the company initially set a goal to raise over $ 400 million on the Nasdaq. Later, however, Canaan management amended, announcing its intention to raise $ 100 million.
At the moment, a company from China has already succeededraise $90 million. Note that a total of about 10 million American depositary shares were issued at a price of $9 per share. Thus, the share price fluctuates in the range from $9 to $11.
Canaan's IPO efforts appear to have finally begun to bear fruit. The company previously filed for IPOs in China and Hong Kong, but they did not proceed.
The successful $90 million fundraise opened up the opportunity for Canaan to get ahead of its direct competitors, including major miner manufacturer Bitmain.
Read this:
Canaan published information about the upcoming IPO
Media: mining company Canaan Creative will be IPO in November
Canaan Creative will conduct an IPO in the United States
Canaan Creative plans to conduct $ 400 IPO in the US
Mining giant Canaan officially goes public in the U.S. He wants to raise $ 400 million.
Compound raised $ 25 million from Andreessen Horowitz