Wilson Sonsini Advises Ebang in $100 Million IPO

On June 30, 2020, Ebang International Holdings Inc. (Ebang), a leading application-specific integrated circuit (ASIC) chip design company and a leading manufacturer of high-performance Bitcoin mining machines, announced the closing of its initial public offering of 19,264,337 Class A ordinary shares at US$5.23 per Class A ordinary share, raising a total of approximately $100.8 million. The shares began trading on June 26 on the Nasdaq Global Select Market under the symbol "EBON," and closed on June 30.

The Wilson Sonsini Goodrich & Rosati team that acted as U.S. counsel to Ebang in the transaction includes Weiheng Chen, Dan Ouyang, Ke Li, Zhenzhen Bao, and Rujin Ruan.

For more information, please see Ebang's press release.