The shares of Ebang Worldwide Holdings Inc. (NASDAQ: EBON) dipped 10% within the common and after-hours classes on Friday.
It was the primary day of buying and selling for the Bitcoin (BTC) mining gear producer’s shares after it raised $100.75 million shares in its preliminary public providing.
The Chinese language firm offered over 19.2 million shares priced at $5.23 every. The shares closed 4.4% decrease at $5 within the common session and dropped one other 5.6% within the after-hours session at $4.72.
Ebang filed to go public with the USA Securities and Trade Fee in April, amid elevated scrutiny in opposition to China-based firms.
Rival Canaan Inc. (NASDAQ: CAN) went public in November final yr, elevating $90 million.
BTC price Motion
Bitcoin traded 0.95% increased at $9,109.78 at press time on Monday.
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