The Chinese cryptocurrency mining giant Bitmain is considering once again the idea of going public in the U.S., Bloomberg has reported today citing sources.
Apparently, the Chinese firm has decided to do so influenced by the recent rally of bitcoin's price.
Bitmain could reportedly hold its IPO in the second half of 2019 in the U.S. and plans to apply for listing to the U.S. Securities and Exchange Commission (SEC) already in July.
Last year, Bitmain filed an IPO application to go public on the Hong Kong Stock Exchange (HKEX). However, it was not approved by the regulator.
The company planned to raise as much as 3 billion dollars. However, the expectations are not that high now, since the firm intends to attract around 300-500 million dollars.
ihodl reported in January that Canaan, one of the world’s largest producers of bitcoin mining hardware, is also considering an IPO in the U.S.
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