Express

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

Last Update:

Tags: ,,
Link: Canaan Creative Sets Terms For IPO   [Copy]
Next:

Related Articles

  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 3 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 6 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 10 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 12 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 14 days ago

    • You need to login to comment.