👎 Bitmain fails to go public, IPO application expires
Cryptocurrency mining giant Bitmain's IPO on the Hong Kong Stock Exchange has officially expired six months after its initial application. The knock comes at the tail end of a rocky 2018 and puts into doubt if the company will re-up its application due to required H2 2018 financial disclosures. Bitmain was hedging future growth on the IPO, hiring both a new CEO and planning on raising some $18 billion.
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