Bitcoin Group’s Australian Share Offering Closes 25 Jan

After months of difficulties with the Australian Stock Exchange (ASX) regulating agency and multiple application delays, Bitcoin Group’s initial share offering on ASX seems set in stone as the offering closes at the end of business on Monday, January 25, 2016.

Investors wanting to buy shares in the Australia-based bitcoin mining company need to submit their application by 5 pm Sydney time.

The copy of the company’s most up to date prospectus is available at http://www.bitcoingroup.com.au/investors/

The allotment of shares in Bitcoin Group is scheduled for January 27th followed by the dispatch of holding statements on January 28th. Listing under the ASX ticker BCG scheduled to take place on February 2nd.

Those investors who applied for shares in the IPO may still withdraw their subscription with a full refund of monies by contacting Bitcoin Group by 5.00pm on Monday, January 25.

Last year, Bitcoin Group was forced by the Australian Securities and Investment Commission (ASIC) to make four different extensions to its IPO application and revisions to its IPO prospectus. ASIC continued to require Bitcoin Group to revise its application and prospectus after issues rose over different issues that ranged from public revenue and profitability claims made by the bitcoin company over social media to information in its prospectus about the bitcoin mining process and the bitcoin mining equation.

The listing will be the first bitcoin IPO on a major national stock exchange. The first formal IPO of a bitcoin and blockchain technology firm was probably Coinsilium’s listing on London’s ISDX in December 2015.