Argo Blockchain (ARBKF) Stock Pops 10% Within Three Days: It Launches Of Initial Public Offering

Since Monday, Argo Blockchain’s stock markedly jumped from $1.8201 to $2.0200 by composing almost 10%. Furthermore, the cost is fluctuating with little value, and the total market cap is 771 million dollars. Despite that, today, Argo Blockchain Plc has commenced an initial public offering of 7,500,000 American Depositary Shares (“ADSs”), representing a total of 75,000,000 ordinary shares. Each ADS represents ten ordinary shares of the Argo blockchain.
The last closing price of Argo Blockchain common shares on the Main Market of the London Stock Exchange was $1,848 on September 10, 2021. Jefferies and Barclays perform as the lead book-running managers for the Offering. Canaccord Genuity and Stifel GMP act as co-leaders of the Offer. Compass Point, D. A. Davidson & Co., Ladenburg Thalmann, Roth Capital Partners, finnCap Ltd, and Tennyson Securities act as co-heads of the Offer.

April Sanchez

Business and Tech Reporter

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