Bitcoin Group plans to extend IPO offer period

Melbourne-based Bitcoin miner Bitcoin Group, which is seeking to float its shares on the Australian Securities Exchange, today announced plans to reschedule the closing date for its initial public offering (IPO).

Under the Replacement Prospectus that the company lodged in early September, the closing date for the Bitcoin Group IPO was October 30, 2015.

In a statement today, the company said it would extend the IPO offer period for further 14 days, to November 13, 2015. The aim of the rescheduling, according to the company, is to “allow a sufficient time for all actual and prospective investors to consider their position”.

Those willing to withdraw must do so in writing by 5 p.m. on 13 November 2015.

Bitcoin Group Limited proposes to lodge a Supplementary Prospectus on October 23, 2015, extending the closing date of the IPO to 5 p.m. on November 13, 2015.

The Bitcoin miner has hit several hurdles in Australia regarding its IPO plans. On July 13, 2015, the Australian Securities and Investments Commission (ASIC) issued an interim stop order against these plans – then other stop orders followed, until a new prospectus was finally released in September.

To view the latest announcement from Bitcoin Group, click here.

Read Also: