Crypto mining machine manufacturer Bgin Blockchain IPO priced at $6 per share, closes down over 17% on first trading day

ChainCatcher reported that Bgin Blockchain (BGIN.US), a company focused on the production of alternative cryptocurrency mining equipment, was listed on the Nasdaq in the US yesterday. Its initial public offering (IPO) was priced at $6 per share, which is the midpoint of the previously announced price range of $5-7 per share. The company issued 5 million shares in its IPO, raising $30 million. On its first day of trading, the stock closed down 17.33% at $4.96 per share.