Bitcoin miner Yibang International has updated its prospectus to issue 19,323,600 shares, ranging from $4.50 to $6.5, raising $86.94 million to $125 million. Reddy has learned thatYibang international plans to be listed on NASDAQ on June 26, 2020. Once listed, it means that it is another bitcoin mining machine enterprise listed overseas after Jianan technology.
Original title: bitcoin mining machine enterprise Yibang international listed in the United States on June 26: to raise 100 million US dollars
Yibang International's revenue in 2019 is US $109 million, down 66% from US $319 million in 2018; Yibang International's loss in 2019 is US $41.07 million, an increase from the net loss of US $11.81 million in the same period of last year.
The chairman and CEO of the board of directors of Yibang international are Hu Dong, and the directors and vice presidents are Peng Chunjuan and Wang Sufeng.
Prior to IPO, Hu Dong held 41.82% of shares, and affiliates of Shubo Qian and Jun Hu held 8.73%.
After IPO, Hu Dong holds 35.7% of the shares and holds 91.7% of the voting rights; affiliates of Shubo Qian and Jun Hu holds 7.4% of the shares and holds 1% of the voting rights.