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Australian Bitcoin miner Bitcoin Group has moved one step closer to its initial public offering on the ASX, with the share offer set to close at 5.00pm today (Monday, January 25, 2016).
In an announcement on its website, the company reminds investors that if they are considering buying shares in the IPO, their applications should be lodged by the above-mentioned deadline.
With applications closing today, the allotment of shares is scheduled for January 27, 2016 followed by the dispatch of holding statements on January 28, 2016. Listing on the Australian Securities Exchange is scheduled to take place on February 2, 2016. The company will be listed as BCG.
The company is planning an initial public offering of 100,000,000 new shares at a price of A$0.20 per new share.
The IPO has been rescheduled several times already mostly because of concerns expressed by the Australian Securities and Investments Commission (ASIC). The latest prospectus (Second Replacement Prospectus) was filed on December 24, 2015. It includes, amid other updates, an Independent Expert Report to support some statements that could potentially be considered ‘forward looking statements’, as well as updates to some financial information (revenues, profit, etc) which was outdated due to the effluxion of time between the First Replacement Prospectus and the latest Prospectus and to reflect the audited accounts of Bitcoin Group.
The official announcement from the company can be viewed by clicking here.
A copy of the prospectus is available here.