[2016-02-02] World’s first bitcoin mining IPO falls short

[a7mos]

World’s first bitcoin mining IPO falls short

The world's first fundraising for an initial public offering (IPO) of a company that "mines" bitcoins has raised 5.9 million Australian dollars ($4.2 million) — far off its target of 20 million Australian dollars.

The Bitcoin Group, based in Melbourne, Australia, announced on Tuesday that it had raised 5,927,168.40 Australian dollars in a bookbuild for its listing on the Australian Stock Exchange (ASX).
http://www.cnbc.com/2016/02/02/worlds-first-bitcoin-mining-ipo-falls-short.html

[1Referee]

Their market share of the total network power is just 1.2% according to the article. That may be a reason for the lower invested money. I am fairly sure that if a large Chinese pool would do the same, then they would surely come close to their target or they collect even more than that.