ASIC issues another stop order for Bitcoin Group’s IPO

ASIC issues another stop order for Bitcoin Group’s IPO

This is the second interim stop order in a month the Australian regulator issues against Bitcoin Group’s IPO prospectus.

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The Australian Securities and Investments Commission (ASIC) today issued another interim stop order for the Initial public offering (IPO) prospectus that Melbourne-based Bitcoin miner Bitcoin Group Ltd lodged to the regulator in the end of June 2015.

This is the second interim stop order that the Australian securities watchdog issues against Bitcoin Group’s IPO prospectus in less than a month – the previous one was published on July 13, 2015. And, yet again, ASIC is not unveiling the reasons for the order.

Let’s stress that an IPO is not blocked unless the regulator issues a final stop order.

At the moment of publication of this article, the schedule for Bitcoin Group’s planned IPO on the Australian Securities Exchange has not changed. The proposed listing date is still September 2, 2015, and the expected offer close date remains set for August 21, 2015.

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Photo credit: ASIC.

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Photo credit: ASX.

Originally appeared at: http://leaprate.com/2015/07/asic-issues-another-stop-order-for-bitcoin-groups-ipo/