November 21, 2019 Chinese Bitcoin ASIC manufacturer Canaan raises $90 million in US IPO.

Canaan is estimated to be the second largest manufacturer of Bitcoin ASICs, after Bitmain. Shares were priced at $9, on the low end of the marketed range, and fell 3.5% on early trading on Nasdaq. Canaan withdrew a plan for a listing in Hong Kong last month, and previously aimed to raise up to $400 million.

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