Crypto News

Bitmain has enlisted the support of Deutsche Bank for IPO

One of the largest manufacturers of equipment for cryptodevice Bitmain filed another application to hold an initial public offering (IPO). Information about this appeared in the Chinese media . The company has not announced the event.

It is noteworthy that according to media reports, another application for the IPO were transferred to Bitmain in the Commission on securities and exchange Commission (SEC) supported by the German conglomerate, Deutsche Bank.

What amount of funds plans to attract manufacturer is unknown. According to Bloomberg, published in the summer of 2019, the approximate level of funds which a company may count on $300-$500 million Information was provided to the newspaper by an anonymous source.

According to Chinese media, the lobbying of a new application Bitmain will do ex-Manager Nasdaq Zheng Hua. The task of the expert will be the promotion of the interests of the company, with the consequent withdrawal of its shares on the American market.

It is noteworthy that information about the filing came amid the announcement of the return of company co-founder Gihan Wu to their former CEO. According to some media reports, the decision of a specialist on the re-entry into occupied earlier a post was made on the background of the news of the release of a competitor Bitmain – American Canaan for an IPO.

It is important to note that the current application was for the manufacturer of equipment for mining first. The validity of the previous ended in March 2019.

We will remind, earlier it became known that Bitmain announced
the competition, in which specialists of the company decided to find the top 10 best kryptolebias farms in the world.


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