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Hong Kong Stock Market Regulator ‘Reluctant’ to Greenlight Bitmain IPO, Sources Report


Bitmain’s IPO faces fresh claims that it is unlikely to launch under current regulatory conditions in Hong Kong.

Hong Kong stock market regulator is reportedly reluctant to allow Bitcoin mining equipment manufacturer Bitmain to conduct an initial public offering (IPO) in the city. Local English-language newspaper South China Morning Post (SCMP) made this claim in an article published Dec. 19, with reference to anonymous sources.

Citing two “sources familiar with the matter,” SCMP poured more cold water on the plans of mining giant Bitmain to go public, just a day after the Hong Kong Stock Exchange (HKEX) told Cointelegraph that any hesitation on part of the company was “rumors.”

According to the publication’s sources, Hong Kong’s stock market regulator thinks it is “premature for any cryptocurrency trading platform – or business associated with the industry – to raise funds through an IPO in Hong…



Read Full Story : Cointelegraph.com News

2018-12-19 17:27:00

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