Sections

    1. Investment Snapshot

    2. Price Chart

    3. Valuation & Price Target

    4. Business & Product Moat

    5. Market & Macro

    Discussion


Investment Snapshot
Price Chart
Valuation & Price Target
Business & Product Moat
Market & Macro
Discussion

BGIN BLOCKCHAIN Ltd

Investment Snapshot

Symbol

BGIN

IPO Date (Actual)

2025-10-21

Offer Range

$6.00

Shares Offered

5.0M

Total Shares Post-IPO

95.6M

Market Cap

Target Price
$00.00

Implied Upside vs Midpoint

$00.00

Use of Proceeds

Price Chart

Historic Price Chart - BGIN
Valuation & Price Target

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Business & Product Moat

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Competitor Set
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Market & Macro

Sector context: Finance Services

Same-industry IPOs from the last 365 days (as of 2026-06-04). Returns from IPO open price.

Median IPO open → current
-33.1%
win 33% · n=6
Median first month
-30.9%
win 17% · n=6
CompanyIPO DateOpen → CurrentFirst Month

BTGO

BITGO HOLDINGS, INC.
2026-01-22-69.3%-53.1%

WYFI

White Fiber, Inc.
2025-08-07+21.3%-34.5%

BMHL

Bluemount Holdings Ltd
2025-07-11-7.1%-6.1%

GRAN

Grande Group Ltd/HK
2025-07-01-83.5%-30.7%

CHYM

Chime Financial, Inc.
2025-06-12-59.2%-31.1%

CRCL

Circle Internet Group, Inc.
2025-06-05+60.6%+167.6%

Discussion