Bitcoin Group to list on Australian Stock Exchange

     After much delay, Australian bitcoin mining company Bitcoin Group plans to officially list on the Australian Stock Exchange in early February.

     The company, which will be listed under the ticker "BCG," plans to raise A$20 million ($13.9 million) by selling 100 million shares at 20 cents per share. The closing date for the initial public offering (IPO) is January 25, while trading is expected to begin on February 2.

     The news comes a year after the Melbourne company first announced its intentions in October 2014.

     The process was reprimanded by the Australian Securities and Investments Commission (ASIC) in February and also saw two cancelled orders in the investor prospectus in July.

     The social media platform WeChat is in trouble as it prepares to gauge investor interest through an initial public offering (IPO). The company's prospectus has been subject to various revisions.

The final revision of the Bitcoin Group company was completed in December and will now proceed with its initial public offering (IPO).

     While other bitcoin companies, including DigitalBTC and Bitcoin Shop, have already begun publicly trading shares, the ASX listing will put the startup on the largest exchange platform in its local market.