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Huobi founder is selling his stake in Huobi at a $3 billion valuation

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Time:8/12/2022 12:21:03 PM

[Huobi founder is selling its shares in Huobi at a valuation of US$3 billion] Jinjin Finance News, Huobi Group founder Li Lin is negotiating with a group of investors, hoping to sell his shares in Huobi at a valuation of US$3 billion About 60% of the shares. According to people familiar with the matter, Tron founder Justin Sun and FTX Exchange have made initial contact with Huobi about the transfer of shares. They requested anonymity to discuss private information. Shareholders, including ZhenFund and Sequoia China, learned of Li's decision at a shareholder meeting in July. A deal could close as soon as the end of this month, according to a person familiar with the matter. It was unclear whether the acquisition might involve Hong Kong-listed Huobi Technology Holdings Ltd. (Bloomberg)

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