According to CoinDesk, one of the world’s largest mining equipment manufacturers, Canaan Creative is once again filing for an initial public offering, this time in the United States.
Canaan’s initial public offering prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Oct. 28 indicates it intends to list on NASDAQ under the ticker name CAN and sets a placeholder amount of $400 million for the raise.
This is the third time the company has attempted an IPO, with previous efforts in mainland China and Hong Kong that fell through because of market uncertainties. This is not surprising given that digital asset prices and the blockchain industry as a whole still have a ways to go before a clear regulatory path is developed worldwide.
Likewise, the valuation of Bitcoin and other digital assets certainly play on investor sentiment for such companies that provide hardware to mine digital currencies.