Crypto startup Bitmain may plan world's biggest IPO at $18bn
Cryptocurrency mining startup Bitmain is reportedly planning to raise $18 billion in the coming months for one of the world's largest initial public offerings (IPOs). It would take the startup's market capitalisation to $40-50 billion, according to documents obtained by CoinDesk. Founded in 2013, the startup counts firms including Sequoia, GIC, and IDG Capital as its investors.