Bitcoin Group Seeks to Launch World's First Bitcoin IPO
Bitcoin Group has announced it will pursue an initial public offering (IPO) in Australia. If successful, it would be the first bitcoin company to offer its shares to the public in an IPO. The Melbourne-based firm offers a cryptocurrency arbitrage service, but plans to turn mining into its main revenue source if its offering is approved. Bitcoin Group's chief executive, Sam Lee, said: "We believe for bitcoin businesses in the mining industry be taken seriously they need to first have the transparency, accountability and legitimacy of a listed company." Bitcoin Group aims to raise AU$20m....
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The Bitcoin Group Limited - Australia's largest operator for mining bitcoin, has received a boost in cash via investment platform BnkToTheFuture in return for shares in the company ahead of the planned launch of the mining operator's IPO on November 11, 2015. In the weeks leading up to the launch of the world's first bitcoin mining IPO, Australia-based Bitcoin Group Limited has, with the help of investment platform BnkToTheFuture, launched a 'pre-IPO,' with the setup of an investment fund. The fund, at the time of publishing this article, has raised close to USD $3 million of its USD $3.63....
The Bitcoin Group, a Melbourne, Australia-based bitcoin miner, raised 5,927,168.40 AUD in an initial public offering for its long-anticipated listing on the Australian Stock Exchange (ASX), significantly missing its 20 million AUD target. The company announced it is working with ASX on the listing application process as it seeks to become the world’s first publicly-listed bitcoin company. Despite raising less than a third of its goal, Sam Lee, the company’s CEO, characterized the sum raised as a “solid result” and said the company will execute its plan to expand its footprint by acquiring....