How many billions Bitmain intends to raise in the IPO?

In early June, the world’s largest manufacturer of equipment for mining Bitmain announced the intention to hold IPO outside of China. The reason was the strict regulation of activities on mining cryptocurrencies at home company, said the head Bitmain Jihan Wu.

According to sources, Bitmain intends to attract $ 18 billion in the IPO, which will be held in September on the Hong Kong stock exchange. This writes Coindesk.

How much Bitmain

According to documents seen by the publication, in the course of the IPO on the stock exchange manufacturer of equipment for mining expects the rating to 40-50 billion dollars.

While Bitmain can move IPO to the end of 2018 or even at the beginning of 2019. At the same time to hold the IPO plan competitors manufacturer of equipment for mining cryptocurrency firms Canaan Creative and Ebang Communication.

The publication notes that if the company could attract $ 18 billion, it will knock Facebook from dozens of companies, which held the largest IPO in history.

Earlier in the closed part of the pre-IPO Bitmain has attracted $ 400 million from a group of investors headed by Uber, Softbank and Tencent. In the result, the market value of the company rose to $ 15 billion. Prior to this, the representatives of Bitmain reported that in the framework of expansion in the American market company will invest $ 500 million in the construction in Texas of the centre and mining-farm. Both objects can earn in 2019.

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