** Shares of Chinese bitcoin mining machine producer Ebang International EBON.O down 10.9% at $7.08 on public offering
** Co prices 14 mln units consisting of one Class A share and one warrant to buy 1/2 of a Class A share at $6.10, raises $85.4 mln
** Offer price represents 23% discount to stock's Wed close
** 5-yr warrants have exercise price of $6.59
** Ebang plans to use net offering proceeds to expand cryptocurrency mining business, as well as establishment and operation of mining farms and exchange platforms
** Co has ~171.8 mln shares outstanding and 115.3 mln of free float, per Refinitiv data
** With decline on Thurs, stock up 17% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper.tr.com@reuters.net lance.tupper@tr.com 1-332-219-1430))
