RATE Group | Bitcoin mining gear maker files for a $100 million IPO in the US
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Bitcoin mining gear maker files for a $100 million IPO in the US

25 Apr Bitcoin mining gear maker files for a $100 million IPO in the US

Posted at 11:18h in Bitcoin News by

  • Bitcoin mining chip producer, Ebang International, plans to hold a US IPO.
  • The Chinese company aims to enter either the NYSE or Nasdaq under the symbol EBON.
  • The firm saw a significant decrease in revenue in 2019, which will likely continue this year due to the virus.

One of the world’s largest Bitcoin mining gear makers, Ebang International, just announced its US-based IPO. The company officially filed for an Initial Public Offering in the United States, revealing that its plan is to raise up to $100 million.

Ebang to hold an IPO after difficulties in 2019

The F-1 form that the firm filed with the US SEC this Friday shows that Ebang wants to offload some Class A ordinary shares. The face value per share seems to be HK$0.001, which is US$0.0013 per each share.

While the company is looking to hold its IPO in the US, this is actually a China-based firm. Furthermore, its goal is to get its shares either on Nasdaq Global Market, or the NYSE (New York Stock Exchange). The…

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