Argo Blockchain Plc (ARBK) Launches 7.5M ADS IPO

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Go back to Argo Blockchain Plc (ARBK) Launches 7.5M ADS IPO

Argo Announces Launch of Initial Public Offering

September 14, 2021 8:00 AM EDT

LONDON--(BUSINESS WIRE)-- Argo Blockchain Plc (LSE:ARB; OTCQX: ARBKF), (Argo or the Company), a global leader in sustainable blockchain infrastructure and cryptocurrency mining, today announced that it has commenced an initial public offering of 7,500,000 American Depositary Shares ("ADSs"), representing an aggregate of 75,000,000 ordinary shares. Each ADS represents 10 ordinary shares of Argo Blockchain. The last closing price of Argo Blockchain's ordinary shares on the London Stock Exchange Main Market was $1.848 on September 10, 2021. The ADSs are being offered in a registered public offering in the United States (the "Offering"). Argo Blockchain has applied... More