Chinese Bitmain again plans to hold an IPO due to the rise in Bitcoin's price

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Bitmain Technologies told about the resumption of plans for the initial public offering of its shares. As informed sources told Bloomberg, the world's largest maker of equipment for cryptocurrency mining came to this decision amid Bitcoin's maximum price per year. The sale of shares is planned to be held in the United States in the second half of this year, for which the company will submit a corresponding application to the US Securities and Exchange Commission in July. According to the agency, in 2018, during a closed attraction of financing, Bitmain was estimated at $15 billion. This year, the company plans to raise funds ranging from 300 to 500 million dollars. Since January of this year, bitcoin has risen in price by more than 164%. On Friday, its price exceeded 9 thousand 800 dollars for the first time in more than 12 months.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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