Bitmain IPO bid expires

The application of the Chinese mining company Bitmain to conduct an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEx) will expire today, March 25. Reported by the Cointelegraph.

The company filed an application six months ago, for which it provided financial statements to the HKEx committee. However, during this period, the hearing on the application did not take place. If Bitmain does not make an official statement by the end of the day, the application will be declared invalid.

To re-register a call to HKEx, the company will need to disclose

financial statements for the third quarter of 2018.

In November 2018, an application for an IPO from a mining company Canaan Creative was canceled.

Recall that in January, the head of HKEX, Li Xiaojia, questioned the approval of the Chinese mining IPO applications.