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Apparently, the second Chinese Bitcoin data chip maker, Canaan, has abandoned plans for an initial public offering in Hong Kong for an announcement in the United States, Bloomberg writes. After the company's Hong Kong stock market demand expired in November, Canaan decided to give up the plan to go to Hong Kong. Quoting an anonymous source, Bloomberg says that the hardware manufacturer "Avalon" is in the early stages of deliberations for a US IPO, which could be launched within the first half of the year.
Even the major competitors of Canaan, Bitmain and Ebang, had deposited the IPOs of Hong Kong in 2018, but none of them received approval on this date.
