Canaan creative, which is currently China’s second largest Bitcoin mining hardware manufacturer, is set to raise over $1 Billion through an Initial Public Offering (IPO) on the Hong Kong Stock Exchange (SEHK).
As reported by the South China Morning Post on Wednesday, the Hangzhou-based firm will make history being the first Blockchain startup to be listed on the SEHK, though the final decision on this move has not been reached.
Canaan had previously considered holding an IPO in the United States. In addition to that, Chairman Kong Jianping confirmed that the firm was also contemplating a secondary listing on China’s mainland which may be done through the Shanghai Stock Exchange.
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