China-based crypto mining heavyweight Canaan Creative looks to be listed as a publicly traded firm in the US soil starting November this year. 

Canaan Creative, who has previously submitted a $200 million initial public offering (IPO) application with the U.S. regulators 3 months ago, will be rolling out 1.26 billion shares, which will go unavailable on October 20th, as reported by 8BTC. 

The company has refused to provide further details on the news to 8BTC at the time of publication.

Furthermore, the firm has reportedly finalized all necessary preliminary procedures for its IPO, and is reportedly aiming to achieve a valuation falls between $2 billion and $3 billion.

Canaan is in the top 3 Chinese crypto mining heavyweights, Bitmain and Yibang International. Should things go according to plan, Canaan could go down in record to be the first Chinese firm to launch public trading in the U.S. 

Its rival, Bitmain, has reportedly submitted an IPO with the U.S. SEC in June this year, following the expiration of its IPO listing application with the Hong Kong Stock Exchange in March.