Bgin Blockchain reduces IPO size, proposed fundraising amount drops to $36 million

According to Foresight News, cryptocurrency mining equipment manufacturer Bgin Blockchain has reduced its IPO size and plans to raise $36 million by issuing 6 million shares at a price range of $5 to $7 per share. Previously, Bgin Blockchain had planned to issue 6.25 million shares at a price range of $7 to $9 per share, but subsequently conducted a stock split of 1:1.4375. Foresight News previously reported that Bgin Blockchain applied to go public in the United States in February, intending to raise $50 million.