Bitmain’s IPO filing officially lapses

Bitmain’s IPO filing officially lapses

Bitmain’s long-anticipated IPO filing with the Hong Kong Stock Exchange has officially expired Tuesday. This comes after half a year in limbo. Recent speculation surrounding the IPO assumed Bitmain would raise a record $18 billion. Despite earning roughly $700 million in 2017, Bitmain lost $400 million in Q2 of 2018 and an estimated $500 million in Q3.

KCooper
KCooper
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