Bgin Blockchain Limited’s Quiet Period To Expire on December 1st (NASDAQ:BGIN)

Bgin Blockchain’s (NASDAQ:BGIN) quiet period will end on Monday, December 1st. Bgin Blockchain had issued 5,000,000 shares in its IPO on October 21st. The total size of the offering was $30,000,000 based on an initial share price of $6.00. During Bgin Blockchain’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Bgin Blockchain to a “hold” rating in a research note on Thursday, October 30th.

Bgin Blockchain Price Performance

Shares of Bgin Blockchain stock opened at $3.01 on Monday. Bgin Blockchain has a fifty-two week low of $2.47 and a fifty-two week high of $6.50.

Bgin Blockchain Company Profile

Through our operating subsidiaries, we are a digital asset technology company based in Singapore, Hong Kong and the U.S. with proprietary cryptocurrency-mining technologies. We were established as a cryptocurrency mining business in 2019. Given our limited financial resources at the time, we decided to focus on selected alternative cryptocurrencies as it was more cost effective.