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Seeking Alpha 2021-09-23 07:48:03

Crypto mining firm Argo prices 7.5M-ADS IPO at $15

Argo Blockchain (ARBK) has priced its IPO of 7.5M ADSs at $15.00/ADS for gross proceeds of $112.5M. Each ADS represents 10 ordinary shares. Trading kicks off September 23, 2021. Underwriters' over-allotment is an additional 1.125M ADSs. Closing date is September 27. U.K.-based Argo Blockchain is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. Seeking Alpha contributor Donovan Jones does a deep dive into ARBK's prospects here. Earlier, Argo Blockchain launches 7.5M ADS IPO

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