Bloomberg has information about a possible IPO Bitfury
Mining company Bitfury is considering holding an initial public offering (IPO) as one of the strategies of business development. It is reported Bloomberg citing its sources. If the company decides to IPO, it could become the largest in the European cryptocurrency industry.
According to Bloomberg, Bitfury is establishing contacts with the global investment banks to place their securities in Amsterdam, London or Hong Kong next year. According to sources, the uncertainty in the cryptocurrency market and lack of uniform regulation has led to the fact that some banks refused to participate in the consultations. However, institutional investors are open to this market: its cryptocurrency platform launched by the company Fidelity Investments, and ICE announced the launch date Bakkt.
The final decision is still pending: Bitfury is also considering several other strategies, including raising debt financing and the sale of minority shares. If the company goes public in the next two years, it can be estimated in $3— 5 billion
Bitfury representative declined to comment.
As the company Bitmain, which has filed for IPO, Bitfury makes the mining and sale of appropriate equipment. According to some analysts, the decline in the cryptocurrency market pushes Bitmain to sell shares. Bitfury guide when making the final decision can also take into account this fact. According to the chief Executive Director of Bitfury, Valery Vavilov, he and technical Director of the company Valery heavenly own a controlling block of securities.
We will remind, on the eve of the presenter of the Crypto Trader on CNBC Africa Ren Neuner said that the exchange and the operator of the cryptocurrency wallet Coinbase is going to spend IPO.