Chinese mining giant Bitmain formally applied for an initial public offering (IPO) on the Hong Kong stock exchange (HKEX). Document yet to be finalized as a draft on several points, including the volume of supply of shares and the dates of the campaign. However, in this form it can be seen HKEX in the first stage of the application process.
In the current version of the application indicated that on 30 June this year, the Bitmain revenue totaled $2 billion 845 million 467 thousand in 2017 and $2 billion 517 million 719 thousand, and in 2016 – $277 million 612 thousand With gross profit of $1 billion 30 million 151 thousand in the first half of 2018, the $1 billion 212 million 750 thousand in 2017 and $151 million 351 thousand in 2016.
Balance Bitmain bitcoin, Cash Bitcoin, Ether, Litecoin and Dash at 30 June 2018 is listed at $886,9 million, accounting for 28% of all assets of the company at the time. This is less than Bitmain declared on December 30, 2017 ($872,6 million or 30% of assets) and greater than the same date in 2016 ($56.3 million).
The number of mining equipment, Bitmain sold in 2015, 2016, 2017, and as of the second quarter of 2018, as recorded in document at the level of 230 thousand, 260 thousand, of 1.62 million and 2.56 m, respectively. In 2017, 27% of the proceeds of mining equipment, Bitmain has received funds in cryptocurrency. In 2015, all the company’s products focused on the mining bitcoins, and in the first half of this year, 73.2 per cent of miners Bitmain was designed for mining bitcoins or Bitcoin Cash.
In addition to the statements in the document predstavleno description of the activities of the company and some details of the IPO. So, its underwriters will be the company China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost&Sullivan.
We will remind, the General Director of mining giant Bitmain Wu Jihan (Jihan Wu) in June confirmed a spread in the Chinese media rumors that the company is open to the IPO. Later an investment company Temasek, technology conglomerate Tencent Holdings, a Japanese telecommunications and media Corporation SoftBank Group has denied the appeared information on their participation in the next round of financing Bitmain before its IPO.
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