Canaan Inc. Announces Pricing of Initial Public Offering
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
HANGZHOU, China, Nov. 21, 2019 /PRNewswire/ -- Canaan Inc. (Nasdaq: CAN) ("Canaan" or the "Company"), a leading high-performance computing solution provider, today announced the pricing of an underwritten public offering of 10,000,000 American Depositary Shares ("ADSs"), each representing 15 Class A ordinary shares, at US$9.0 per share for a total offering size of US$90,000,000, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs have been approved for listing on the NASDAQ Global Market and are expected to begin trading today under the ticker symbol "CAN." The underwriters have been granted an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an additional 1,500,000 ADSs at the initial public offering price less the underwriting discounts and commissions.Citigroup Global Markets Inc., China Renaissance Securities (Hong Kong) Ltd., CMB International Capital Ltd. are acting as active joint bookrunners of
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CAN
News
- Canaan Inc. Signs Agreement with AGM Group Holdings Inc.PR Newswire
- Canaan Inc. (NASDAQ: CAN) had its price target raised by analysts at Rosenblatt Securities from $3.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- The Benchmark Company Announces Upcoming Discovery One-on-One Investor ConferenceGlobeNewswire
- Canaan Inc. to Participate in Upcoming Investor ConferencesPR Newswire
- Canaan Inc. Closes Series A-1 Preferred Shares FinancingPR Newswire
CAN
Earnings
- 11/20/24 - In-Line
CAN
Sec Filings
- 12/19/24 - Form F-6EF
- 12/13/24 - Form 6-K
- 12/9/24 - Form 6-K
- CAN's page on the SEC website