Mining chip giant Nano Labs files with SEC to list on Nasdaq

Chinese chip maker Nano Labs has reportedly applied to the U.S. Securities and Exchange Commission for an upcoming Nasdaq listing, according to a statement shared by IPO monitoring portal Renaissance Capital. Nano Labs is a leading fabless integrated circuit design company in mainland China; it has also established a wholly-owned subsidiary in Singapore to facilitate its expansion in overseas markets. Nano Labs is helmed by Kong Jianping, the former co-chairman of Canaan Inc., another chip maker. Canaan raised $90 million in an IPO during the 2018-2019 crypto winter.