bitcoin hardware manufacturer Canaan Creative plans to start trading of its IPO as soon as July, Bloomberg May 16.
Canaan, which rumors it was planning an IPO with a filing this week, will likely create the largest bitcoin-focused offering yet seen when it debuts on the stock exchange.
Citing anonymous sources, Bloomberg added that while the filing did not mention a specific fundraising target, the figure “could” circle $1bln – a figure which had earlier this month.
The move would create further competition for mining stalwart , with Canaan currently already controlling around 15% of the bitcoin chips and hardware equipment market.
In an with Reuters last month, meanwhile, co-chairman Jianping Kong said the numbers were equal to “a quarter of the world’s bitcoin blockchain computing power.”
Major IPO backers appearing on the filing are Morgan Stanley, Deutsche Bank AG, Credit Suisse Group AG and CMB International Capital Ltd.
Canaan has yet to issue a public statement about the move, declining comment after a request from Reuters Tuesday.
Published at Wed, 16 May 2018 10:35:27 +0000