By Samuel Indyk
Investing.com – Argo Blockchain (LON:ARB) on Thursday filed with the US Securities and Exchange Commission (SEC) to raise up to $75 million in a proposed initial public offering (IPO) of its American Depositary Shares (ADS) in the US.
Argo intends to list its ordinary shares on the NASDAQ Global Market under the symbol ARBK. The cryptocurrency miner said it will continue to have its shares traded in London on the London Stock Exchange and OTCQX.
Jefferies and Barclays (LON:BARC) are acting as joint bookrunning managers for the proposed offering. No pricing terms have been disclosed.
Last month, Argo Blockchain said they were considering a secondary listing on the NASDAQ, subject to market and other conditions.
Since then, Bitcoin and other cryptocurrencies have staged a rebound. Having briefly traded below $30,000, Bitcoin now trades back above $47,000.
At 09:37BST, shares in Argo Blockchain were trading higher by 3.33% at 125.00 pence per share.