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Canaan Creative Sets Terms For IPO

Ramsey Baker

Summary: Canaan Creative, the Chinese Bitcoin mining giant, announced terms for their United States initial public offering (IPO), according to Renaissance Capital. Canaan Creative plans to raise $100 million in their IPO later this month. The company plans on meeting this goal by offering 10 million American depositary shares (ADS) at a price of around $9 ...

Canaan Creative, the Chinese Bitcoin mining giant, announced terms for their United States initial public offering (IPO), according to Renaissance Capital.

Canaan Creative plans to raise $100 million in their IPO later this month. The company plans on meeting this goal by offering 10 million American depositary shares (ADS) at a price of around $9 to $11. This would set the company up to have a market value of around $1.6 billion and an enterprise value of $1.4 billion.

By Ramsey Baker

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