Ebang Makes a Second Attempt to Get Listed on the Hong Kong Exchange

The Chinese manufacturer of cryptocurrency mining equipment Ebang Communications filed a new listing application with the Hong Kong Stock Exchange (HKEX). The first bid lapsed as the company failed to proceed to the next stage of the listing process.

In a revised IPO prospectus published on its website, Ebang provided updated data for 2017 and the first half of 2018. Thus, the manufacturer saw a substantial revenue increase to $304 million (2.1 billion yuan) in the first six months of 2018, compared to $34 million (234 million yuan) during the whole 2017.

The company also pointed out a strong decrease in sales orders for mining equipment during the third qu…

This article appeared first on Cryptovest

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