Bgin Blockchain’s (NASDAQ:BGIN – Get Free Report) quiet period will end on Monday, December 1st. Bgin Blockchain had issued 5,000,000 shares in its public offering on October 21st. The total size of the offering was $30,000,000 based on an initial share price of $6.00. During Bgin Blockchain’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Bgin Blockchain to a “hold” rating in a report on Thursday, October 30th.
Check Out Our Latest Analysis on Bgin Blockchain
Bgin Blockchain Stock Performance
About Bgin Blockchain
Through our operating subsidiaries, we are a digital asset technology company based in Singapore, Hong Kong and the U.S. with proprietary cryptocurrency-mining technologies. We were established as a cryptocurrency mining business in 2019. Given our limited financial resources at the time, we decided to focus on selected alternative cryptocurrencies as it was more cost effective.
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