Crypto mining company Phoenix Group completed a US$371 million IPO on the Abu Dhabi Stock Exchange, and its stock price rose 50% that day
On December 5th, Phoenix Group, a cryptocurrency mining company, completed a $371 million IPO on the Abu Dhabi Securities Exchange (ADX) and rose 50% on the same day. The IPO attracted $12 billion in funding, oversubscribed by 33 times. In addition, it was reported that International Holding Co., the largest enterprise group in Abu Dhabi controlled by important members of the UAE royal family, purchased 10% of Phoenix's shares in early October.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget PoolX is listing Concrete (CT) : Lock BTC to get 1,111,111 CT airdrop
CandyBomb x CT: Trade to share 560,000 CT
[Initial listing] Bitget to list Concrete (CT)
Bitget to delay the delisting of FHE, DRIFT, RVV，DOG from spot trading
Crypto prices
More
