Manufacturer Of Miners Ebang Tends To Raise More On IPO

Network equipment manufacturer Ebang has made adjustments to the documentation for the Initial Public Offering.

Appetite comes with the eating

The new statement shows the company's rather ambitious plans for additional capitalization. Initially, Ebang planned to raise 100 million US dollars, now this figure has increased by $25 million.

More precisely, Ebang is going to issue 19,323,600 shares at prices between $4.5 to $6.5.

Financial performance

If we talk about Ebang`s financial statements, everything is not that easy: for example, in the first quarter of 2020, the company lost $2.5 million. It is important to understand that total revenue increased (compared to the same period in 2019) by 6.1% and amounted to $6.4 million.

Leaders are optimistic

Startup representatives are confident in success since there is a positive trend in the cryptocurrency market.

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