Bitcoin Group Ltd has postponed its public listing once again on the Australian Securities Exchange. Nevertheless, the Melbourne based company has announced its plan for an initial public offering.
The company is about to go public on the ASX, but it has experienced six delays already on requests and reprimands from the Australia stock exchange.
The bitcoin company has published its latest news, announcing that “Investors will appreciate that ‘block chain’ is a new technology and we are working with ASX to satisfy its request for additional information as part of the listing application process.”
Bitcoin Group added that it would inform investors additionally in the future about the stock price, when it begins to float on the open market.
As for the initial public offering (IPO) of Bitcoin Group, the ASX has reflected December’s filling positively and allowed it to go on January 25. Nevertheless, IPO was only a disappointment as the company raised only AU$5.9M, while it hope to reach four time more (plan was AU$20M).
Despite these factors, Bitcoin Group is on its way to become the second bitcoin company, getting on Australia’s stock exchange (the first one is digitalBTC – since 2014).
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