Argo Announces Launch of Initial Public Offering
14 September 2021 - 10:00PM
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 to list the ADSs on the Nasdaq Global Market
under the ticker symbol “ARBK.”
Jefferies and Barclays are acting as the lead book-running
managers for the Offering. Canaccord Genuity and Stifel GMP are
acting as co-lead-managers for the Offering. Compass Point, D.A.
Davidson & Co., Ladenburg Thalmann, Roth Capital Partners,
finnCap Ltd, and Tennyson Securities are acting as co-managers for
the Offering.
The Offering is being made only by means of a prospectus filed
with the U.S. Securities and Exchange Commission (the “SEC”). When
available, copies of the prospectus relating to and describing the
terms of the proposed Offering may be obtained from any of the
following sources:
- Jefferies LLC, Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by
telephone at (877) 821-7388 or by email at
Prospectus_Department@Jefferies.com, or
- Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847,
or by email at barclaysprospectus@broadridge.com.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities law of any such
state or jurisdiction.
The offering is subject to market conditions, and there can be
no assurance as to whether or when the offering may be completed,
or as to the actual size or terms of the offering.
This announcement contains inside information.
About Argo Argo Blockchain plc is a global leader in
cryptocurrency mining with one of the largest and most efficient
operations powered by clean energy. The Company is headquartered in
London, UK and its shares are listed on the Main Market of the
London Stock Exchange under the ticker: ARB and on the OTCQX Best
Market in the United States under the ticker: ARBKF.
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version on businesswire.com: https://www.businesswire.com/news/home/20210914005409/en/
Carissa Felger/Genevieve Pirrong Gasthalter & Co. (212)
257-4170
Argo Blockchain (LSE:ARB)
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