Bgin Blockchain Reduces IPO Size, Lowers Fundraising Target to $36 Million

Foresight News reports that cryptocurrency mining equipment manufacturer Bgin Blockchain has reduced the size of its IPO, now planning to raise $36 million by issuing 6 million shares at a price range of $5 to $7 per share. Previously, Bgin Blockchain had planned to issue 6.25 million shares at a price range of $7 to $9 per share, but subsequently conducted a 1:1.4375 stock split.

According to an earlier report by Foresight News, Bgin Blockchain applied for a U.S. listing in February, aiming to raise $50 million.