Bitcoin Group withdraws from its IPO and ASX listing application

Bitcoin Group withdraws from its IPO and ASX listing application

Considering the long and eventful journey the IPO has taken, we would like to offer our investors a summary of the past 6 months, that led to the disappointing outcome of announcing today, that Bitcoin Group is withdrawing the Second Replacement Prospectus dated 24 December 2015, to list on the Australian Stock Exchange (ASX) and return IPO subscription application monies to investors.

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Investor Update

ASX has requested an expert’s report from an independent first or second tier accounting firm that considers the working capital position based upon the $5,9m raised.

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Bitcoin Group Investor Update

We wrote to you recently to advise of the close of Bitcoin Group Limited’s IPO and to confirm that the final amount raised under the IPO is approximately AUD $5.9 million.

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Bitcoin Group IPO Update

The Offer and ASX Bookbuild has closed on 25th January 2016.

Bitcoin Group is pleased to annouce the amount raised is $5,927,168.40.

The quotation of the shares on the ASX has not yet occurred. BCG is currently working with ASX on the listing application process.

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