BGIN Blockchain prices IPO at $6 per share, set to begin trading

SINGAPORE - BGIN Blockchain Limited (NASDAQ:BGIN), a digital asset technology company, has priced its initial public offering at $6.00 per share, the company announced on Monday. The firm is offering 5,000,000 Class A ordinary shares with expected gross proceeds of approximately $30 million before deducting underwriting discounts and related expenses. Since its IPO, the stock has shown remarkable momentum, currently trading at $19.59, representing a significant premium to its initial offering price.

The shares are set to begin trading Tuesday on the Nasdaq Global Market under the symbol "BGIN," with the offering expected to close around October 22, subject to customary closing conditions.

BGIN has granted underwriters a 45-day option to purchase up to an additional 15% of Class A ordinary shares at the public offering price. D. Boral Capital LLC is serving as the sole book-running manager for the offering.

The company plans to use the proceeds for purchasing or constructing mining farms, researching and developing new proprietary chips for cryptocurrency mining machines, and for general corporate purposes.

BGIN Blockchain describes itself as a digital asset technology company with proprietary cryptocurrency-mining technologies. The company has historically focused on altcoins while leveraging its experience in designing ASIC chips and mining machines. BGIN designs and manufactures mining machines under its ICERIVER brand. InvestingPro data shows the company has demonstrated strong market performance, with a 45% return over the past six months and an overall Financial Health score of "FAIR." The stock is currently trading near its 52-week high of $19.65, suggesting robust investor confidence in its business model.

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The IPO follows the SEC’s declaration of effectiveness for the company’s registration statement on Form F-1 on September 30, 2025, according to the press release statement. The stock has delivered a solid 21% year-to-date return, outperforming many of its peers in the blockchain technology sector.

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