IN BRIEF: Argo Blockchain raises USD128 million via ADS offering

Argo Blockchain PLC - cryptocurrency miner based in London - Raises USD127.9 million through the ...

Alliance News 27 September, 2021 | 6:13PM
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Argo Blockchain PLC - cryptocurrency miner based in London - Raises USD127.9 million through the issue of 8.5 million American Depositary Shares, representing 85.3 million shares at a price of USD15 per ADS, on the Nasdaq Global Select Market.

Jefferies and Barclays acted as book-running managers for the offering, with Canaccord Genuity and Stifel GMP acted as co-lead managers.

Current stock price: 127.40 pence, down 2.8%

Year-to-date change: up sharply from 33p

By Dayo Laniyan; dayolaniyan@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Argo Blockchain PLC 12.10 GBX 5.22 -

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