Bitmain’s IPO Hinges on Temasek’s Decision to Participate By Cryptovest

Bitmain’s IPO Hinges on Temasek’s Decision to Participate

Bitmain’s pre-IPO round of financing may be at risk. Temasek is reconsidering its participation after the Chinese company misrepresented the list of pre-IPO backers. Bitmain set out to seek traditional funding through an initial public offering, creating controversy in the crypto community.

Now, news has surfaced through social media, suggesting the Bitmain pre-IPO financing round may either make it or break it within hours. A Twitter account, @btcking555, retweeted by @WhalePanda, has translated information from Chinese sources:

Bitmain’s IPO round was seen as controversial, and a drive to ensure a form of solvency, especially during the bear market. The sources suggest Bitmain may still have secured funding of around $560 million. Bitmain will file with the Hong Kong Stock Exchange in September, with a listing on the exchange expected at the end of the year, or at …

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Related Posts

Add Comment