Chinese manufacturer of equipment for mining Canaan Creative is considering an initial public offering (IPO) in the United States.
According to the report by Bloomberg, citing informed sources, the Chinese company is discussing a possible placement of shares in new York in the first half of 2019. Negotiations are at an early stage, and confidence in their success there, added the business sides of the publication.
In may last year, Canaan has applied to conduct an IPO on the Hong Kong stock exchange (HKEX) with the intention to gain up to $1 billion, According to the listing rules of HKEX, the company had to update the application prior to the expiration of the six-month period in November — Canaan not do was actually coming out of the placement process.
Two other major Chinese mining company Bitmain and Ebang — also last year, HKEX has submitted applications for the IPO. Ebang did it in July and in December I updated the documents, Bitmain has filed an application in September.
It was reported that the exchange and the regulator, Hong Kong had a lot of issues to mining companies in respect of sustainability and business prospects. On the fall of the cryptocurrency market HKEX did not Express the desire to approve the listing of mining companies delaying the process.
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