BGIN Blockchain Limited (NASDAQ: BGIN) began trading on the Nasdaq Global Market Tuesday, with shares opening at $6.00, matching its IPO price, but closing down at $4.96. The stock's intra-day movement between a high of $6.50 and a low of $4.72 reflected early volatility typical of newly listed crypto-related firms.
BGIN Blockchain Shares Slip on Nasdaq Debut After $30mn IPO
22 October 2025 - 13:05 CEST
The digital asset technology firm raised roughly $30mn in gross proceeds from the sale of 5mn Class A shares, before underwriting costs.
BGIN, known for its ICERIVER crypto-mining machines, plans to channel the funds into expanding mining farms, developing proprietary chips, and other corporate purposes, according to a 20 Oct statement.
D. Boral Capital acted as sole book-runner for the offering, with an additional 15% share allotment option available within 45 days.
