ARBK News

Spurred on by soaring Bitcoin prices in the last year, crypto-focused companies are taking the ball and running with it – right to the public markets. Since 2019, seven crypto-focused companies have completed traditional IPOs, one has direct listed, and four have gone public via SPAC merger. The group features an array of Bitcoin miners (CORZ, IREN, SDIG, ARBK,...read more

It was another busy week for the fall IPO market as 13 IPOs raised $4.6 billion led by restaurant payment processor Toast (TOST), which jumped 56% in its debut. Six SPACs also went public, and one IPO postponed: Canadian consumer products company Knowlton Development (KDC). The pipeline was fairly active, with seven IPOs and five SPACs...read more

Argo Blockchain, a blockchain technology company focused on large-scale crypto mining, raised $113 million by offering 7.5 million ADSs at $15, below the as-converted last close of its shares on the LSE ($21.50). Argo states that it is a leading blockchain technology company focused on large-scale mining of Bitcoin and other cryptocurrencies. The company mines using purpose-built...read more

Summer may be over, but the IPO market is just heating up as 14 IPOs are slated to raise $5.3 billion in the week ahead. The diverse group includes software, consumer products, payment technology, and more. The largest deal of the week, Freshworks (FRSH) plans to raise $855 million at a $9.6 billion market cap. The company’s core product is its customer...read more