Ticker LaunchIPO · CAN
Canaan Inc.
Canaan Inc. (CAN) priced its initial public offering on Nov 21, 2019 at $9.00 per ADS, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $1.21B. Citigroup was lead-left underwriter, joined by US Tiger, Huatai and Haitong. Simpson Thacher, Maples and Calder and Commerce & Finance advised the company and Freshfields and Zhong Lun advised the underwriters.
Canaan Inc. is a fabless integrated circuit designer offering supercomputing solutions, with chips manufactured by suppliers such as TSMC and Samsung. It also delivered commercial edge-computing AI chips built on the RISC-V architecture with a self-developed neural-network accelerator.
- Status
- IPO
- Ticker
- CAN
- Exchange
- Nasdaq Global Market
- Priced
- Nov 21, 2019
- IPO price
- $9.00 per ADS
- Market cap at IPO price
- $1.21B
- First filed
- Oct 28, 2019
- Company counsel
- Simpson Thacher, Maples and Calder and Commerce & Finance
- Underwriters' counsel
- Freshfields and Zhong Lun
- Sector
- Financials
- Country / state
- Singapore
Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.
More on this listing for subscribers
- Lock-up period and expiry date
- Shares offered, over-allotment and shares outstanding after the offering
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Filings
- Registration statement (F-1) first filed Oct 28, 2019
- Latest amendment Nov 20, 2019
- Final prospectus (424B4) Nov 21, 2019
- All filings on EDGAR CIK 1780652
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