Bitmain’s IPO Application on HKEx Officially Expires By Cryptovest


© Reuters. Bitmain’s IPO Application on HKEx Officially Expires

Major Chinese cryptocurrency mining company Bitmain’s filing to list an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEx) has now expired after a six-month period of validity, as per HKEx listing rules.

In a blog post published on March 26, the company confirmed that its IPO application (published in September 2018) is now inactive. The status of the application is also listed as “lapsed” on the official HKEx website (listings lapse when a closed-door hearing with the Listing Committee is not conducted within the 6-month time frame).

“We do recognize that despite the huge potential of the cryptocurrency and blockchain industry,…

This article appeared first on Cryptovest

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