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Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump


On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five...

Crypto Brokerage Bitcoin Suisse Hopes Banking License Will Boost its IPO Bid


Swiss crypto financial services provider Bitcoin Suisse is planning to acquire a banking license in 2020 as part of its plans to build momentum for an initial public offering (IPO). The Zug-based company put in its license application in July last year, and is hoping to be given the regulatory...

Disappointing IEOs, Up To USD 150M IPO, Bitcoin ETF Battles + More News


Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investing news BitMEX Research says that all 11 Initial Exchange Offerings (IEOs) they looked into in their May report have seen...

Tiger Global and Sequoia May Become Profitable From 2020 IPOs: CB Insights


The year 2019 has not been very fruitful for investment firms. After the Uber’s dismal performance post IPO, the next year becomes more important to watch. In 2020, there are many more big names that may go public including Airbnb. From the investors’ point of view, the major investment firms...

Mining Chip Maker Ebang Next in Line to File for US IPO


Ebang, the ASIC chip and mining rig manufacturer based in Hangzhou, China is allegedly filing for an initial public offering (IPO) in the U.S. following Canaan’s recent Nasdaq listing and Bitmain’s secret IPO filing. The world’s third-largest bitcoin mining hardware manufacturer...

Following Canaan, OneConnect Cuts its IPO Ambitions in Half


OneConnect Financial Technology, a unit of China’s major insurer Ping An, aims to raise up to USD 504 million in an initial public offering (IPO), compared to USD 1 billion, reportedly considered in June this year. The IPO was launched yesterday after the company reduced both its target offering...

Canadian Regulator Green-Lights Bitcoin Fund IPO


The Bitcoin Fund’s initial public offering (IPO) filing has been accepted by Canada’s Ontario Securities Commission. Despite previously rejecting it, the Canadian regulator finally accepted the fund’s IPO prospectus after a public hearing and a favorable ruling. Also read: Bitcoin...

Canaan Ends 1st Week on Nasdaq in Red, Bitmain Promotes Rigs Ahead IPO


The second largest producer of Bitcoin mining equipment, China-based Canaan, ended its first week on the Nasdaq exchange in red, while its main rival, another Chinese giant that is reportedly working on its own initial public offering (IPO), Bitmain, confirmed its plans to introduce two new types...

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