Ebang eyes $100m from US listing

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By Jonathan Breen
27 Apr 2020

China's Ebang International Holdings, a cryptocurrency mining hardware maker, is planning a US IPO that could raise up to $100m. It follows in the footsteps of Canaan Creative, which listed last November but has since seen its stock price tumble about 53%.

Ebang filed draft documents with the US Securities and Exchange Commission on April 24, with AMTD and Loop Capital Markets as the joint underwriters.

The company's transaction will follow that of Mainland-based Canaan, also a bitcoin mining hardware manufacturer, which floated on the Nasdaq in November 2019. The ...

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