bravenewcoin.com / Luke Parker / 11 September 2015
Australia’s largest mining operator, Bitcoin Group Limited, recently announced that it has received approval from the Australian Securities and Investment Commission (ASIC) for an Initial Public Offering (IPO), and listing on the Australian Securities Exchange (ASX).
“On behalf of the Directors of Bitcoin Group, I am pleased to present to you, the opportunity to become a shareholder in Bitcoin Group Limited, which presently is set to become the world’s first Bitcoin IPO on a major global exchange.”
– Andrew Plympton, Bitcoin Group Chairman
The company currently has three key investors; Harry Wang, Managing Director of ANYING, Australia’s third largest money remittance company; Victor Huang, Managing Director of OzYu Entertainment Investment and OzStudy Group, an international education recruitment service and media agency; and Richard Gu, Managing Director of AXF Group, a conglomerate investment company that spans from real estate development into entertainment services.
The company plans to raise AU$20m, offering 100 million shares. The offer opens on Sept 4 and closes on Oct 30 with an expected settlement date of Nov 4. Trading on the ASX is expected to commence on November 11, with a proposed symbol of BCG.
“The proposed IPO is on track to be oversubscribed with Bitcoin Group having already reached its minimum capital raising target.”
– Bitcoin Group