Yes, we CAN! Canaan Inc. Debuts on NASDAQ Today
The worldwide leader in producing blockchain servers is the first cryptocurrency mining equipment maker to list in New York.
At BlockTrain, we are passionate about assisting blockchain projects in their investment journeys. We have developed top-tier investment and branding advisory services to guarantee blockchain startups get the financing and exposure they need to get to the next level. This way, we are proud to share another success story from our network: Canaan’s NASDAQ IPO.
The Listing
Canaan Inc., the worldwide leader in producing blockchain servers and designing ASIC microprocessor solutions, announced the pricing of 10 million American Depositary Shares at US$9.00 per share for a total offering size of US$90,000,000. The NASDAQ Global Market had approved Canaan’s shares, which became available for trading under the ticker symbol “CAN” today.
Citigroup Global Markets Inc., China Renaissance Securities (Hong Kong) Ltd., and CMB International Capital Ltd. managed Canaan’s offering.
Watch the Canaan team ring the bell at NASDAQ below:
IPO Anticipation
Canaan Inc. is the first global blockchain company to do an IPO. The company’s listing in New York has been highly anticipated, given Canaan’s expressive results in the market.
The Hangzhou-based company is the second-largest BTC mining manufacturer in the world. During the first half of 2019, its market share was estimated at 21.9% of ASIC hash power sold. With its IPO, Canaan plans to expand the development of AI-applications for ASICs.
Canaan Inc. Promotion Conference
The BlockTrain team applied our event-management expertise to co-organize and co-host the Canaan Inc. Promotion Conference last Monday (Nov. 18) in downtown San Francisco. Other co-organizers included the North America Blockchain Association (NABA), SWFT Blockchain, and Silicon Valley Blockchain Catalyst.
It was a full-house success! The blockchain-educated audience that joined us engaged with Canaan’s solutions and plans through a series of presentations and an insightful panel led by our CEO Mengfan Zhang.
First, Jack Kong, Canaan Inc.’s Co-Chairman, spoke on the topic “Blockchain: Open a Trusted Silicon-based Civilization.” Then, Mengfan Zhang, Founder & CEO of BlockTrain, took the lead on “The future of the mining market and digital assets” panel discussion. Mengfan mediated the debate on topics like the future of mining machine market share, challenges in the “supercomputing” era, and talent management strategies.
BlockTrain’s CEO was joined in the discussion by the following outstanding fellows:
- Frank Fu, Managing Director at Fengbushi Capital, who has previously worked as the CEO of Huobi US and founded Enjoyney and Reachit Media;
- Charles Lu, Findora’s CEO, who was also was a Ph.D. student at Stanford University, specializing in computer cryptography, blockchain, and smart contract security; and
- Jack Kong, Canaan Inc.’s Co-Chairman and lead in the company’s IPO efforts.
Join the BlockTrain Network
We are looking forward to sharing your project’s success next! BlockTrain has developed an advisory program that addresses market gaps by connecting blockchain projects from Silicon Valley with a strong proof of concept to over 1,000 blockchain-specialized VC Firms. Get optimal capital support, global exposure, and technical advice with our 5-step acceleration model for blockchain startups:
BlockTrain is a Global Blockchain Investment & Branding Advisory. BlockTrain’s services offer early-stage blockchain projects full support through fundraising, listing on top trading platforms, and branding globally via an extensive network of PR partners. BlockTrain’s competitive advantages extend to hosting global blockchain conferences and covering the industry’s latest trends and solutions through elaborated news and video interviews. Contact us at info@blocktrainmedia.com, or schedule a call with our BD Manager.
Investment Disclaimer
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
