Singapore-Based Bgin Blockchain Seeks $50 Million Through U.S. IPO

According to PANews, Singapore-based cryptocurrency mining equipment manufacturer Bgin Blockchain Limited has filed for a public listing in the United States, aiming to raise $50 million. The company submitted documents to the U.S. Securities and Exchange Commission (SEC) on February 21, indicating plans to issue approximately 59.54 million Class A ordinary shares and 15.69 million Class B ordinary shares. Bgin has also applied to list its Class A shares on the Nasdaq under the ticker symbol 'BGIN.' While the filing did not disclose the offering price, investment advisory firm Renaissance Capital reported on February 21 that Bgin's initial public offering (IPO) could raise up to $50 million.