Published On: Wed, May 16th, 2018

ASIC Manufacturer Officially Files $1 Billion IPO In Hong Kong

Share This

It seems that the creator of the Avalon Bitcoin ASIC mining hardware has taken moves to secure a stock listing spot on the Hong Kong stock exchange. The company, usually known as Canaan, is seeking for $1 billion in IPO funding.
Canaan Creative, better known for their Avalon ASIC lineup in the cryptocurrency community, has just confirmed that they have a plan to facilitate a one billion dollar IPO.
For those who are unaware of what an IPO is, IPO stands for an initial public offering, which is essentially the traditional equity market’s version of a cryptocurrency-based ICO. 

Bitcoin mining equipment maker Canaan files for $1 billion IPO in Hong Kong
— Bloomberg (@business) May 16, 2018

This was not the first case of a public showing of Canaan’s ambitions to become listed on traditional equity markets as Canaan’s executives attempted to become listed on a Chinese OTC market called the New Third Board in 2016. 
This announcement came after last week’s rumors of the possibility that Canaan would apply to become publicly listed in either the Hong Kong or American stock exchanges. …

Read more –> click here all content is copyright Bitcoinist.

Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..

Powered by ABITCO.IN

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Most Popular Posts

ALL Bitcoin News

Like what you’re reading?

Never miss any breaking Bitcoin news by following us on Facebook and Twitter!