Investment bankers say mining machine manufacturers will have a slim chance of going public after missing out on 2018

According to Tencent, a shareholder of Canaan Creative said that the IPO application was invalid mainly because the Hong Kong Securities Regulatory Commission has always been very cautious about the IPO of mining machine manufacturers, which has never had a precedent before, and the Hong Kong Stock Exchange is concerned about the business model and regulatory situation. Therefore, after the six-month validity period has passed, it does not mean that the IPO will stop. Canaan Creative can re-apply for listing to the Hong Kong Stock Exchange, of course, the premise is that it needs to submit the latest financial data.

However, an investment banker in Hong Kong bluntly stated that judging from past financial data, 2017 was the best year for mining machine manufacturers, so 2018 is also the best year for them to complete their listing. If they miss the 2018 window period when the financial data is the best, it can only be said that future opportunities will be even slimmer.