Source: HKEX "hesitant" to approve mining machine giant's IPO application

The Hong Kong Stock Exchange (HKEX) is "very hesitant" to approve an initial public offering (IPO) application from a bitcoin mining equipment manufacturer because the industry is very volatile, according to people involved in the negotiations. The HKEX does not want to be the first exchange in the world to approve such an IPO. Currently, Canaan Creative's application has expired, and the other two face great obstacles in convincing the HKEX. A spokesperson for the HKEX said that the exchange does not comment on individual companies or individual listing applications at this time. (Coindesk)