Wednesday 30 October 2019
After seeing its IPO dreams slashed earlier this year, Bitmain Technologies has reportedly re-submitted its US application in secret. According to a Tencent News report, the cryptocurrency miner manufacturing giant filed its application with the US Securities and Exchange Commission (SEC), with Deutsche Bank as its sponsor. It’s not known how much Bitmain is looking to raise with its IPO, but previous reports suggested that it was seeking to raise approximately $300 million–$500 million with its US offering. The latest figure is a lot lower than the $3 billion it intended on raising when it filed an IPO application in September 2018 to…
This story continues at The Next Web
