World’s First Bitcoin Mining IPO on Track as ‘Pre-IPO’ Launches

Online investment platform BnkToTheFuture has officially launched a fund to invest in the shares of Bitcoin Group Limited, Australia’s largest bitcoin mining operator, and the first Bitcoin company slated for an IPO on November 11, 2015.

The fund has already raised over US$2.9 million dollars, worth around 12% of the shares in Bitcoin Group during the first few hours since its launch earlier today.

BnkToTheFuture CEO Simon Dixon announced in a statement:

“Stock exchanges around the world have a long history in listing gold and oil mining stocks, but Australia will become the first ever to list this new form of mining stock. Investors are now able to invest pre-IPO online through”

Bitcoin Group is currently offering 15% out of 60.7% of its shares that will be offered on the Australian Stock Exchange (ASX) next month under the ticker BCG. The company received an approval from the Australian Securities and Investment Commission on September 4, for an US$14.5 million public offer, despite several failed attempts previously.

“The public offer will mark a significant milestone for our company and for the broader industry because it will help to advance recent regulatory initiatives by the

Read more ... source: TheBitcoinNews