The Bitcoin Group (BG), a digital currency mining firm based in Australia, will be listed on the Australian Securities Exchange at the beginning of February. BG first announced their plans for an IPO in October of 2014, but various regulatory hurdles and incidents with the Australian Securities and Investments Commission (ASIC) delayed the process.
The Melbourne-based BG was warned by the ASIC about making various representations regarding their IPO, which first required a prospectus in February of last year.
BG released an updated version of the their new prospectus on December 24, 2015, which outlined the firm’s financial health with audited statements and included a comprehensive business plan overview.
BG will trade under the symbol ‘BCG’ and the company aims to raise about $20 Million Australian dollars with the sale of 100 million shares. The IPO ends on the 25th of January and the issue price is set at $0.20 per share.
“Bitcoin Group expects the New Shares to commence trading on the ASX on or about 2 February 2016.“
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