Canaan Inc.
30/F, Dicara Silver Tower
29 Jiefang East Road
Jianggan District, Hangzhou, 310016
People’s Republic of China
November 18, 2019
VIA EDGAR
Division of Corporation Finance
U.S. Securities & Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Attention: Ms. Kristin Lochhead, Accounting Branch Chief
Mr. Brian Cascio, Accounting Branch Chief
Mr. Thomas Jones, Special Counsel
Mr. Geoffrey Kruczek, Special Counsel
Re: Canaan Inc.
Registration Statement on FormF-1, as amended (File Number:333-234356)
Registration Statement on Form8-A (File Number:001-39127)
Ladies and Gentlemen:
Pursuant to Rule 461 of Regulation C (“Rule 461”) promulgated under the Securities Act of 1933, as amended, Canaan Inc. (the “Company”) hereby requests that the effectiveness of the above-referenced Registration Statement on FormF-1 (the“F-1 Registration Statement”) be accelerated to, and that theF-1 Registration Statement become effective at, 4:00 P.M., Eastern Time on November 20, 2019, or as soon as practicable thereafter.
The Company also requests that the Registration Statement on Form8-A (File Number:001-39127), under the Securities Exchange Act of 1934, as amended, covering the American depositary shares representing Class A ordinary shares of the Company (the “Registration Statement on Form8-A,” together with theF-1 Registration Statement, the “Registration Statements”), be declared effective concurrently with theF-1 Registration Statement.
If there is any change in the acceleration request set forth above, the Company will promptly notify you of the change, in which case the Company may be making an oral request of acceleration of the effectiveness of the Registration Statements in accordance with Rule 461. Such request may be made by an executive officer of the Company or by any attorney from the Company’s U.S. counsel, Simpson Thacher & Bartlett LLP.
The Company understands that Citigroup Global Markets Inc., on behalf of the prospective underwriters of the offering, have joined in this request in a separate letter delivered to you today.
[Signature page follows]
Very truly yours, | ||
CANAAN INC. | ||
By: | /s/ Nangeng Zhang | |
Name: | Nangeng Zhang | |
Title: | Chairman and Chief Executive Officer |