World's First Bitcoin Mining IPO Misses Target by AUD $14 Million

[bitkilo]

https://bitcoinmagazine.com/articles/wo ... 1454963974

[Acidyo]

I wonder how well an IPO here in Finland would do.

[iFixBTCmemoryIssues]

I wonder how well an IPO here in Finland would do.

It's all about the amount of investors you can contact and sell to!

[iFixBTCmemoryIssues]

"If the company had raised the AUD $20 million it had hoped for, the plan was to use AUD $18 million as an investment in equipment and facilities for Bitcoin mining. The remaining AUD $2 million was to be used for general corporate purposes, including costs for listing."

This was a bad move. Instead, they should have done an RTO through a cheap shell and worked themselves up from there. 2M is a greedy amount to pay to be listed on the ASX, you can get a NASDAQ listing for 1M!

[bitkilo]

"If the company had raised the AUD $20 million it had hoped for, the plan was to use AUD $18 million as an investment in equipment and facilities for Bitcoin mining. The remaining AUD $2 million was to be used for general corporate purposes, including costs for listing."

This was a bad move. Instead, they should have done an RTO through a cheap shell and worked themselves up from there. 2M is a greedy amount to pay to be listed on the ASX, you can get a NASDAQ listing for 1M!

Well spotted, that it a crazy sum to pay for a listing.