The encryption Mining Rig manufacturer Bgin Blockchain set the IPO price at $6 per share, and it fell over 17% on the first day of trading.

BlockBeats reported that on October 22, Bgin Blockchain (BGIN.US), which focuses on the production of alternative crypto mining devices, went public on the NASDAQ in the United States yesterday. Its IPO was priced at $6 per share, which is at 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 fell 17.33%, closing at $4.96.

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