cointelegraph reports that the high profile investors softbank, tencent and DST global, which were rumored to participate in the IPO will not be participating. Wording on the press release made by Bitmain in Chinese is told to be vague. unsold inventory of 1.2 billion dollar and a 85% price drop in the company's S9 miner are also clouding the mood for the largest and most talked about crypto related IPO. The company also hasn't reported Q2 earnings- another factor irking potential investors.
having to file quarterly reports as part of being traded on exchanges adds pressure to all companies
https://cointelegraph.com/news/vague-and-misleading-statements-spotted-in-bitmain-investor-deck