Crypto mining equipment manufacturer Bgin Blockchain files for IPO in the United States, expects to raise $50 million

PANews reported on February 24 that according to Cointelegraph, Bgin Blockchain Limited, a Singapore-based cryptocurrency mining equipment manufacturer, has applied for listing in the United States and is expected to raise US$50 million in funds.

Bgin said in a filing with the U.S. SEC on February 21 that it would issue approximately 59.54 million Class A common shares and 15.69 million Class B common shares. Its registration statement also said it had applied to Nasdaq to list its Class A shares under the ticker "BGIN." Bgin's filing did not disclose its offering price, but investment advisory firm Renaissance Capital said in a report on February 21 that Bgin's initial public offering (IPO) could raise up to $50 million.