Cryptocurrency
Shares of bitcoin miner maker Ebang slide after trading begins on Nasdaq
As reported at The Block, “Shares of bitcoin mining hardware maker Ebang began trading today on Nasdaq with an underwhelming initial performance. “As part of the initial public offering (IPO), the China-based company is offering 19.3 million shares priced at $5.23. “During the initial 15 minutes of trading, the stock’s price continued to trend downwards and […]
As reported at The Block, “Shares of bitcoin mining hardware maker Ebang began trading today on Nasdaq with an underwhelming initial performance.
“As part of the initial public offering (IPO), the China-based company is offering 19.3 million shares priced at $5.23.
“During the initial 15 minutes of trading, the stock’s price continued to trend downwards and currently sit at around $4.12.
“Ebang filed its IPO prospectus in April, in which it stated that it had suffered losses and negative cash flows from operating activities in the past. In 2018 and 2019, respectively, the company had net losses of $11.8 million and $41.1 million…”
Shares of EBON ended the session (06/26/2020) at $5.00.