Within the series C financing round, the largest manufacturer of mining equipment Bitmain received an investment of $ 1 billion from the Chinese technology company Tencent and the Japanese telecommunications media corporation SoftBank. This was reported by the research department of the Bitmex exchange with reference to a local source.
It also became known that after the next investment round, the value of Bitmain is estimated at $ 15 billion. In addition, the Chinese source confirms information on Bitmain's preparation for the initial public offering (IPO), which will be held in Hong Kong in September.
As the lead underwriter, a major investment company, China International Capital Corporation (CICC), was selected, which specializes in providing financial services to institutional clients.
In 2004, Tencent held an IPO on the Hong Kong Stock Exchange. By the end of 2017, the company, in its market capitalization exceeding $ 500 billion, ranked fifth in the world