Phoenix Group to launch IPO in Abu Dhabi, plans to raise US$370 million
Abu Dhabi blockchain and encryption solution Phoenix Group will conduct an IPO on the Abu Dhabi Securities Exchange on November 16. Phoenix Group has set the tender offer price at 1.5 dirhams per share, with a total of 1.36 billion dirhams (approximately 370 million US dollars) of stocks expected to be sold.
In addition, recently, UAE International Holding Company (IHC) acquired 10% of Phoenix Group's equity. (Investing.com)
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
XRP price analyst targets $8 as ETF approval speculation intensifies
Analysts Are Both Bullish and Extremely Cautious on This Altcoin: FOMO Warning
Anticipated Big Airdrop is Finally Coming – Developers Announce Details and Who Will Receive Tokens
A statement regarding the details of the new altcoin airdrop, which the cryptocurrency market has been eagerly awaiting for a long time, came from the developers.
The Daily: JPMorgan says Tether may sell bitcoin under new US stablecoin rules, Paolo Ardoino calls analysts 'salty' and more
JPMorgan analysts estimate that only 66% to 83% of Tether’s reserves meet proposed U.S. stablecoin regulations, requiring potential restructuring.Tether CEO Paolo Ardoino dismissed the JPMorgan analysts’ concerns, saying their assessment discounts the company’s $20 billion group equity.Momentum for a Federal Reserve audit is building, driven by growing social media support for long-time central bank critic Ron Paul to spearhead the effort and even be considered for the role of Chair.
Trending news
MoreCrypto prices
More
