One of the largest producers of equipment of China intends to attract $ 1 billion through IPO

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In the case of implementing all plans and tasks set to date, Canaan Creative will receive the title of the first company from the blockchain industry, which entered the Hong Kong stock market.

The second largest producer of equipment in China, Canaan Creative plans to conduct an IPO (initial public offering) on ​​the Hong Kong Stock Exchange.

In the case of implementing all plans and tasks set to date, Canaan Creative will receive the title of the first company from the blockchain industry, which entered the Hong Kong stock market.

Official statements from the representatives of the corporation have not been received yet, however, information was leaked to the media that the company plans to collect at least $ 1 billion.

In 2016, Canaan Creative already intended to conduct an initial public offering, however, at that time the venture failed due to regulatory conditions.

It is worth noting that the final decision on the issue of holding an IPO by the company’s management has not yet been made. It became known that the American sites are also being considered as an alternative to the Hong Kong Stock Exchange.

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