In the framework of the financing round series C largest manufacturer of mining equipment, Bitmain received investments in the amount of $1 billion from the Chinese technology company Tencent and Japanese telecommunications Corporation SoftBank. This was reported by the research Department of the cryptocurrency exchange BitMEX, citing a local source.
According to QQ News:
* @BITMAINtech has raised money from Tencent & Softbank at a$15 billion valuation
* Bitmain will shortly conduct an IPO and be listed on the Hong Kong Stock exchange this year
* CICC is the lead underwriterhttps://t.co/pIN6nAl4PZ pic.twitter.com/IFKrsE3Kdt
— BitMEX Research (@BitMEXResearch) 5 August 2018 R.
It also became known that after the next investment round, the value of the company Bitmain is estimated at $15 billion. in addition, the Chinese source to confirm information about the Bitmain preparing to initial public offering (IPO), which will take place in September in Hong Kong.
As the leading underwriter was selected by a major investment company China International Capital Corporation (CICC), specializing in the provision of financial services to institutional customers.
Note, in 2004, Tencent launched an IPO on the Hong Kong stock exchange. By the end of 2017, the company by its market capitalization exceeding $ 500 billion, ranked fifth in the world
ForkLog previously reported that for the first quarter of the current year Bitmain made a profit of $1.1 billion.