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Ebang International Holdings Priced, Nasdaq: EBON

Makes equipment for cryptocurrency mining in China.

Industry: Technology

Latest Trade: $9.23 0.00 (0.0%)

First Day Return: -4.4%

Return from IPO: +76.5%

Industry: Technology

We are a leading application-specific integrated circuit, or ASIC, chip design company and a leading manufacturer of high performance Bitcoin mining machines. We have strong ASIC chip design capability underpinned by nearly a decade of industry experience and expertise in the telecommunications business. We are one of the few fabless integrated circuit, or IC, design companies with the advanced technology to independently design ASIC chips, established access to third-party wafer foundry capacity and a proven in-house capability to produce blockchain and telecommunications products. We are a pioneer in researching and developing ASIC chip technology used in blockchain applications in China. We are also one of the earliest contract manufacturers of Bitcoin mining machines in China to own self-developed proprietary ASIC chips. Our Ebit E10 model, launched in December 2017, was the first commercially available mining machine to use 10 nm ASIC chips among major mining machine producers, according to the F&S report. Our latest commercialized Ebit E12 series mining machines, which incorporate the most recent iteration of our proprietary 10 nm ASIC chips, are capable of a hash rate of up to 50 TH/s and a computing power efficiency of 57W/TH.
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IPO News for Ebang International Holdings
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IPO Data
IPO File Date 04/24/2020
Offer Price $5.23
Price Range $4.50 - $6.50
Offer Shares (mm) 19.3
Deal Size ($mm) $101
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/25/2020
Offer Price $5.23
Price Range $4.50 - $6.50
Offer Shares (mm) 19.3
Deal Size ($mm) $101
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Zhejiang, China
Founded 2010
Employees 240
Website www.ebang.com.cn