Mining

1059/5000
The long-awaited IPO of Chinese mining equipment manufacturer Bitcoin Canaan Inc. began yesterday. The offer of $ 90 million had little value given the previous values, and the company completed its trading day on the first day.

Bitcoin mining shares returned $ 9
This week, Chinese mining giant Canaan Inc. completed an initial offer of US $ 90 million. This figure seems impressive for the first time when a Chinese company based in Bitcoin appears, although this is much lower than the original value of $ 400 million in October.

According to Bloomberg, the mining equipment manufacturer sold 10 million American Depository Shares (ADS) on Wednesday for $ 9. ADS is a portion of the US dollar-denominated capital of a foreign company that is available for purchase on the stock exchange. from the USA UU.

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According to an official announcement last week, the Hangzhou-based firm plans to raise $ 100 million by offering 10 million shares offered between $ 9 and $ 11, according to a presentation to the SEC.

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