Bitmain has applied for the IPO

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Bitria “news” Bitmain has applied for the IPO

The largest manufacturer of mining equipment, Bitmain, as reported by CoinDesk, officially filed for an IPO on the Hong Kong stock exchange (HKEX).

Because the application is still in draft and awaiting further hearings of listing from HKEX, it remains unclear how much will ultimately be valued firm. As shown in the published application , many details remain redacted, including the number of shares to be offered and the schedule for public offering.

Based on the application, within 2017, the company received a total of $2,577,719 000, which represents a significant increase from $277,612,000 raised for 2016. As at 30 June this year, according to the application, Bitmain has $2,845,467,000.

According to the submitted application, Bitmain announced the balance kiptoo-currency liabilities denominated in BTC, BCH, ETH, LTC and DASH – $886,9 million as at 30 June 2018. On this account, accounted for 28% of its total assets at the time. This balance represents a slight increase from 30 December 2017 to $872,6 million (30% of assets) and a significant increase from the balance of $56.3 million, which, according to him, was on December 30, 2016.

In addition to data on income, the application Bitmain also includes some information about the company, and the IPO process.

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