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SEC Company Response from Canaan Inc. (CAN) (CIK 0001780652) (CAN) — Nov 5, 2019

Canaan Inc. (CAN) (CIK 0001780652)
Date: Nov. 5, 2019 · CIK: 0001780652 · Accession: 0001193125-19-284411

AI Filing Summary & Sentiment

File numbers found in text: 333-234356

Date
November 5, 2019
Author
/s/ Chris K.H. Lin
Form
CORRESP
Company
Canaan Inc. (CAN) (CIK 0001780652)

Letter

Simpson Thacher & Bartlett

ICBC TOWER, 35TH FLOOR

3 GARDEN ROAD

HONG KONG

TELEPHONE: +852-2514-7600

FACSIMILE: +852-2869-7694

Direct Dial Number

E-mail Address

(852) 2514-7650

clin@stblaw.com

November 5, 2019

VIA EDGAR

Division of Corporation Finance

U.S. Securities and Exchange Commission

100 F Street, N.E.

Mail Stop 4561

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 Form F-1

Filed October 28, 2019

File No. 333-234356

Ladies and Gentlemen:

On behalf of our client, Canaan Inc., an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Company”), we are filing herewith Amendment No. 1 (“Amendment No. 1”) to the Company’s above-referenced Registration Statement on Form F-1 (the “Registration Statement”) via EDGAR with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”).

We enclose herewith five (5) courtesy copies of Amendment No. 1, which has been marked to show changes to the Company’s Registration Statement filed with the Commission on October 28, 2019 (the “October 28 Filing”).

Simpson Thacher & Bartlett

November 5, 2019

The Company will commence its road show activities on November 13, 2019 and expects to price the initial public offering on or about November 19, 2019. We would greatly appreciate the Staff’s willingness to work with the Company to achieve this offering timetable.

On behalf of the Company, we wish to thank you and the other members of the Staff of the Commission for your prompt review of the October 28 Filing.

Simpson Thacher & Bartlett

November 5, 2019

If you have any question regarding the Registration Statement, please do not hesitate to contact me at +852-2514-7650 (work), +852-9198-4235 (mobile) or clin@stblaw.com (email) or Howie Farn at +852-2514-7668 (work), +852-6710-2672 (mobile) or hfarn@stblaw.com (email).

Very truly yours,
/s/ Chris K.H. Lin

Show Raw Text
CORRESP
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CORRESP

 Simpson Thacher & Bartlett

 ICBC TOWER, 35TH FLOOR

3 GARDEN ROAD

 HONG KONG

TELEPHONE: +852-2514-7600

FACSIMILE: +852-2869-7694

Direct Dial Number

E-mail Address

(852) 2514-7650

clin@stblaw.com

 November 5, 2019

VIA EDGAR

 Division of Corporation Finance

U.S. Securities and Exchange Commission

 100 F Street, N.E.

Mail Stop 4561

 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 Form F-1

Filed October 28, 2019

File No. 333-234356

 Ladies and Gentlemen:

On behalf of our client, Canaan Inc., an exempted company incorporated under the laws of the Cayman Islands with limited liability (the
“Company”), we are filing herewith Amendment No. 1 (“Amendment No. 1”) to the Company’s above-referenced Registration Statement on Form F-1 (the “Registration
Statement”) via EDGAR with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”).

We enclose herewith five (5) courtesy copies of Amendment No. 1, which has been marked to show changes to the Company’s
Registration Statement filed with the Commission on October 28, 2019 (the “October 28 Filing”).

 Simpson Thacher & Bartlett

 November 5, 2019

 The Company will commence its road show activities on November 13, 2019 and expects to
price the initial public offering on or about November 19, 2019. We would greatly appreciate the Staff’s willingness to work with the Company to achieve this offering timetable.

On behalf of the Company, we wish to thank you and the other members of the Staff of the Commission for your prompt review of the
October 28 Filing.

 Simpson Thacher & Bartlett

 November 5, 2019

 If you have any question regarding the Registration Statement, please do not hesitate to
contact me at +852-2514-7650 (work), +852-9198-4235 (mobile) or clin@stblaw.com (email) or Howie Farn at +852-2514-7668 (work), +852-6710-2672 (mobile) or hfarn@stblaw.com (email).

Very truly yours,

/s/ Chris K.H. Lin

Chris K.H. Lin

Enclosures

cc:

Nangeng Zhang, Chairman and Chief Executive Officer

Jianping Kong, Director and co-chairman

Quanfu Hong, Vice President of Finance

 Canaan Inc.

Howie Farn

Yi-Ping Chang

 Simpson Thacher & Bartlett

Calvin C. Lai

Valerie Ford Jacob

 Freshfields Bruckhaus Deringer

Steven Zhao

 PricewaterhouseCoopers Zhong Tian LLP