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 $0.20 per share.
“Bitcoin Group expects the New Shares to commence trading on the ASX on or about 2 February 2016.“
Source: http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=BCG&timeframe=D&period=M6
Image source: 1
If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
Dogecoin20 Launches on CoinMarketCap: Investors Flock to BlockDAG Following X1 Mobile Mining App Announcement in…
Do you know about BEFE? This relatively nascent coin is now the talk of the…
Indeed, the list of altcoins continues to grow in the crypto world and that’s why…
Today, the decentralized storage network Arweave ($AR) has captured the spotlight as the top daily…
Today marked a slight resurgence for Arbitrum as it reclaimed its $1 trading price, following…
Best Crypto to Buy: BlockDAG’s Moonshot Keynote Sparks $22.2M Presale, Eclipsing Shiba Inu And Avalanche…