Singapore-based Bgin Blockchain Limited has filed for a U.S. IPO to raise $50 million, aligning with the trend of crypto firms seeking public listings.
Bgin Blockchain IPO
Bgin Blockchain Limited has filed for an initial public offering in the U.S., aiming to raise $50 million. The company plans to offer 59.54 million Class A ordinary shares and 15.69 million Class B shares, with an application to list its Class A shares on Nasdaq under the ticker 'BGIN'.
Bgin Blockchain's Growth
Founded in 2019, Bgin Blockchain specializes in mining hardware for cryptocurrencies. In 2023, it sold nearly 68,000 mining rigs, adding another 47,000 units in the first half of 2024.
Trend of Crypto Firms Going Public
Other crypto companies like eToro and BitGo are also planning IPOs in the U.S., highlighting the growing interest in public listings within the crypto industry.
Bgin Blockchain joins the ranks of crypto companies planning IPOs, reflecting a growing interest in public listings in the sector.
