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 included Weiheng Chen.

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