Cango Plans Direct Listing on NYSE in November 2025

Bitcoin mining company Cango is set to transition from an IPO to a direct listing on the New York Stock Exchange (NYSE) by November 17, 2025. Cango first entered the U.S. market through an initial public offering (IPO) with American Depositary Receipts (ADRs) in July 2018. This move marks a notable shift in Cango’s approach to public trading as they aim for greater efficiency and clarity on the NYSE.