A technician inspects bitcoin mining machines at a mining facility operated by Bitmain Technologies in Ordos in Inner Mongolia on Friday, August 11, 2017. Bitmain is one of the leading producers of bitcoin-mining equipment and also runs Antpool, a processing pool that combines individual miners from China and other countries, in addition to operating one of the largest digital currency mines in the world. Photo: Bloomberg

Hong Kong regulators say IPOs by cryptocurrency businesses are premature, putting Bitmain’s US$3 billion fundraising plan in peril

  • Bitmain’s application to raise up to US$3 billion in an initial public offering (IPO) lapses on March 26, 2019
  • Hong Kong’s regulator and stock market operator have expressed their concern and reluctance to approve any fundraising plan by cryptocurrency-related businesses before proper rules are in place, sources say
Topic |   IPO

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A technician inspects bitcoin mining machines at a mining facility operated by Bitmain Technologies in Ordos in Inner Mongolia on Friday, August 11, 2017. Bitmain is one of the leading producers of bitcoin-mining equipment and also runs Antpool, a processing pool that combines individual miners from China and other countries, in addition to operating one of the largest digital currency mines in the world. Photo: Bloomberg
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